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What is Tape speed?

How fast trades are printing. Bursts and quiet periods carry information about urgency.

In context

Tape speed, or pace, is how many trades or how many contracts execute per unit of time, for example per second or per ten seconds. Old floor traders felt it as the sound of the ticker; modern platforms show it as a number or a bar.

From Chapter 10: Liquidity, the Order Book and the Tape

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Education only. Not financial advice. Trading involves substantial risk of loss.