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Definition: Broad Tape
Ticker tape was a digital electronic medium for transmitting stock price information (over telegraphs). Broad tape is an enhanced version of the ticker tape and it provides information not just about the stock price but also all the other relevant information about the stock.
The name is derived from the fact that the width of the broad tape is wider compared to a ticker tape.
This is generally displayed in large brokerage firms for them to keep track of the price fluctuations. But it is made mandatory that the exchange floor should not have the broad tape displaced. This is to prevent them from reacting early compared to other investors (public).