ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossĮfiling Income Tax Returns(ITR) is made easy with ClearTax platform. A tailor-made typewriter was designed to operate over telegraph wiring and was utilised at the end opposite to the telegraph wiring to the ticking machinery.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants The ticker tape machine had the ability to produce a readable output text while the telegraph machinery could produce Morse code’s dots and dashes. The technology that was used in ticker tape was that of the then recently modelled telegraph setup. The idea of the ticker tape is based on the printing telegraph. Ticker tape is a pioneer application that was invented to transmit text messages through a wire to a printing setup. The stock ticker machinery is a predecessor of the modern-day computerised printing machines. He was working at the American Telegraph Company. The ticker tape setup was modelled by Edward A Calhan in the year 1867. Nevertheless, the idea of a stock ticker can still be seen in the form of electronic tickers on new channels and brokerage walls. These were replaced by computers and televisions, which slowly started to gain popularity around the world. The paper made ticker tape become outdated sometime in the 1960s. The machine was making a ‘ticking’ noise, and that is the reason why the whole setup is named as the ticker tape. It was followed by the stock transaction price and volume, among other things. This machine was printing shortened/abbreviated names of the companies. The ticker tape system was made up of a strip of paper that went across a machine names stock ticker. It was in use between the year 18 to communicate the stock prices through telegraph wiring system. Ticker tape is one of the earliest mediums designed for electrical communication related to the field of finance.

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