These incredible tools have communicated price information on stocks since the late 1800s. They convey real-time data to possible investors. In every exchange around the world plus on all the TV stations, a stock market ticker gives immediate, accurate information on worldwide share prices. Those red or green numbers and letters flash over screens, providing vital data that you all need, in order to make buy and sell decisions.
Thomas Edison is often cited as introducing tickers to the world. But it actually started a few years before. The first documented ticker came to Wall Street and the Gold Exchange in 1867. A machine displayed the gold price to customers out on the street, with the other side facing the brokers within. S. S. Law was the inventor.
Shortly afterwards, the first telegraph machine was patented by Edward Calahan. It printed the prices onto a tape, making a loud ticking noise as it did so: hence the name. Thomas Edison, the quintessential American inventor, revolutionized the technology and his name is synonymous with it. The last mechanized machine was produced in the Sixties, and now things have moved on still further.
Reuters and other agencies broadcast the market movements in real time via computer and broadcast technology. You can stand in Times Square, Piccadilly Circus, Beijing or Mexico City and see what is happening on the financial markets all around the world. The tickers keep rolling 24/7, 365 days of the year.
Now, the abbreviations for stocks or companies with their prices at the moment rolls across the screen. They form a lifeline for investors and brokers. People keep track of them online, through TV screens, laptops and cellular phones. These codes can be easily deciphered when you get in the know.
The first symbols denote the name of the item. So Bank of America is BAC and Walmart is WMT. The acronym or ticker symbol is standard across the world. Next, the amount of shares in a company that have been traded are shown. Then comes the price for the stock you can buy at now. Finally, red or green figures reflect how the price has changed today, down as well as up. Arrows of the same color code also help. You therefore have moment-to-moment information that’s vital for playing financial markets.
Color is also very important. Usually, red is used to show a price has fallen since the last close. Green shows the price is rising. White or blue is used when a price remains unchanged. Once you get the hang of it, reading the markets becomes simple. It’s almost impossible to imagine the market operating without a ticker. People used to have to literally run to tell each other prices. Now, the market and the potential profits are open to all.
These days, thousands of company shares are traded in millions of deal each day. Even the most developed processors can’t keep up with them all. There are just selective FTSE, NASDAQ and other stock exchange listings therefore. This is one of the fastest moving service industries. So salute the stock market ticker, it is some truly incredible technology, one which is too easy to take for granted daily.
Find a summary of the benefits you get when you use a stock market ticker and download Stock Ticker 7, now.