Digits Deleted

What Does Digits Deleted Mean?
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes into effect when the tape announcements start falling too far behind trading activity. Only the last digit and fraction are reported until the tape catches up.

Investopedia explains Digits Deleted
By deleting digits, the tape saves space and is able to report more prices in a shorter amount of time. When the tape catches up with the trading activity, the numbers begin reporting as normal. The end of digits deleted is known as digits resumed.

For example, the price of 34 1/5 would become 4 1/5 under digits deleted.

Related Terms

Fast Tape
Fighting The Tape
Painting The Tape
Tape Is Late
Ticker Tape
More Related Terms

Related Links

Understanding The Ticker Tape - We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
Getting To Know The Stock Exchanges - Here are the answers to all the questions you have about stock exchanges but are too afraid to ask!
The Global Electronic Stock Market - The way trading is conducted is changing rapidly as exchanges turn toward automation.
Reading Financial Tables Tutorial - Learn about six common types of financial tables and figure out how to interpret them.

Rate this Term: Your Rating: Overall Rating: Vote Now!