Digits Deleted

DEFINITION of 'Digits Deleted'

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.

BREAKING DOWN '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
  1. Tape Is Late

    A situation on the trading floor where trading volume is so heavy ...
  2. Fighting The Tape

    The action of placing a trade or trades that go against the ticker ...
  3. Broad Tape

    A modern version of the ticker tape produced by the Dow Jones ...
  4. Ticker Tape

    A computerized device that relays financial information to investors ...
  5. Consolidated Tape

    An electronic program that provides continuous, real-time data ...
  6. Runoff

    The procedure of printing the end-of-day prices for every stock ...
Related Articles
  1. Professionals

    TAPE RECORDING EMPLOYEES

    Tape Recording Employees Certain firms may be subject to special supervision requirements if a significant amount of its registered agents came from a firm or firms that have been disciplined ...
  2. Professionals

    Stock Market Reporting

    Learn how to read ticker tape and where you can go to get stock information.
  3. Personal Finance

    Estate Planning Goes Digital: How to Get Started

    Digital estate planning is an important part of the estate planning process given today's tech-centric world. Here's how to create this type of plan.
  4. Trading Strategies

    A Legendary Market Skill Experience Traders Have

    Tape readers interpret complex background data during the market day to gain a definable trading edge over the competition.
  5. Investing

    Do's & Don'ts Of Digital Marketing

    Digital marketing is not as scary or as complex as it is often made out to be, but there are certain best practices that you should follow to make it work.
  6. Markets

    Financial Tables: Stock Ticker

    If you've ever a watched financial program on CNBC or CNNfn, you've probably noticed the numbers scrolling along the bottom of the TV screen. These are known as stock tickers, a technology that ...
  7. Financial Advisors

    Advisors Evenly Split on Robo-Advisors' Relevance

    A new study finds that advisors are split on the impact of robo-advisors.
  8. Trading Systems & Software

    How To Apply Moving Averages With MetaTrader 4: Editing The MA

    Pressing CTRL + I on the keyboard will open a window that lists all indicators on the active chart, shown in Figure 8. To change the inputs for the MA (or any other indicator), highlight the ...
  9. Trading Strategies

    5 Ways To Adapt To Tough Markets

    Tough markets undermine profitability and lower self-confidence. Fight back with five simple but powerful rules of engagement.
  10. Active Trading

    What Is Bitcoin

    Bitcoin is the first decentralized digital currency. It is also sometimes referred to as a virtual currency or a crypto-currency.
RELATED FAQS
  1. Which of the following equity trades would appear on the ticker ...

    Free info on financial certification exams including study guides, exam questions, and much more! Read Answer >>
  2. What are the GAAP standards for digital document storage?

    According to Sarbanes Oxley Act (SOX), companies are required to keep all documents that contain information about a company's ... Read Answer >>
  3. What does churning mean?

    A. Trading with yourself, or with someone else in attempt to make the tape appear more active than it really is.B. Trading ... Read Answer >>
  4. Why do all mutual fund tickers have an X at the end?

    It's true that all mutual funds' tickers have an X at the end of their symbol. The reason for this is to distinguish between ... Read Answer >>
  5. Excessive trading is:

    A. acceptable if the client is young enough to recover from any losses before retiring.B. acceptable if the firm mandates ... Read Answer >>
  6. How does the ISIN numbering system work?

    The International Securities Identification Numbering (ISIN) system is an international standard set up by the International ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center