DEFINITION of 'Fast Tape'

A type of futures market that occurs when a single traded price is unavailable because of the rapid and large number of transactions occurring in the pit or ring.

BREAKING DOWN 'Fast Tape'

Rather than quoting a specific price, a fast tape will give a range of prices marked by the word "fast" to indicate that the market is moving rapidly.

RELATED TERMS
  1. Rings

    The locations on the floors of futures and options exchanges ...
  2. Fighting The Tape

    The action of placing a trade or trades that go against the ticker ...
  3. Ring Trading

    The method by which certain types of investment business is conducted ...
  4. Pit

    A specific area of the trading floor that is designated for the ...
  5. Broad Tape

    A modern version of the ticker tape produced by the Dow Jones ...
  6. Digits Deleted

    A designation on an exchange's ticker tape that refers to the ...
Related Articles
  1. Personal Finance

    7 Mistakes to Avoid When Buying an Engagement Ring

    Understand why the purchase of an engagement ring is so important. Learn about seven key mistakes to avoid when purchasing an engagement ring.
  2. Managing Wealth

    Should I Insure My Wedding Ring?

    It depends, in part, on the ring's value and your current insurance coverage. Here's a guide to making a decision that's right for you.
  3. Trading

    Take A Tour Of The Futures Trading Pit

    Discover why controlled chaos can mean an exciting investment experience for you.
  4. Investing

    Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  5. Managing Wealth

    How To Insure Your Wedding Ring

    Read on for everything you need to know to make sure this precious possession is covered against theft, damage, loss and more.
  6. Investing

    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.
  7. Insights

    Can Mcdonalds Survive Against Fast Casual?

    Can this fast food chain survive against fast casual competitors like Chipotle Mexican Grill?
  8. Investing

    Profiting From Panic Selling

    When everyone rushes to dump their stocks, you may find yourself with a great buying opportunity. Learn about it here.
  9. Managing Wealth

    Making Sure Your Jewelry Is Insured

    Homeowners insurance only covers so much - find out how to make sure your jewelry is covered for theft, loss and damage.
  10. Trading

    The Four Most Common Indicators in Trend Trading

    Here are the top indicators and tools trend traders use to establish when trends exist and find entry/exit points.
RELATED FAQS
  1. What is the difference between marginal benefit and marginal cost?

    Understand the difference between marginal benefit and marginal cost. Learn how and why both marginal cost and marginal benefit ... Read Answer >>
  2. 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 >>
  3. What is the difference between fast and slow stochastics in technical analysis?

    The main difference between fast and slow stochastics is summed up in one word: sensitivity. The fast stochastic is more ... Read Answer >>
  4. Does increasing health consciousness among consumers make investing in fast food ...

    Examine the effect of increased health consciousness on fast food companies, and learn metrics investors can use to determine ... Read Answer >>
  5. What is the history behind the opening and closing bells on the NYSE?

    Similar to the school bells that most of us heard during our school days, the New York Stock Exchange's (NYSE) opening and ... Read Answer >>
  6. Who are Chipotle's (CMG) main competitors?

    Learn about Chipotle's four main competitors in the fast casual dining sector of the restaurant business, and how fast casual ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center