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Published On: Mon, Nov 17th, 2014

This Day in History: First Stock Ticker Revealed in New York in 1867

In 1867, a revolutionary invention, the stock ticker, was revealed to the public making it possible for investors to view prices minute-by-minute around the United States. It all began November 15, 1867…

The Waldorf-Astoria Hotel is employing girls to operate tickers and stock exchange boards.  photo/1918 US War Dept - public domain

The Waldorf-Astoria Hotel is employing girls to operate tickers and stock exchange boards. photo/1918 US War Dept – public domain

Revamped just a couple of years later, the paper ticker tape became obsolete in the 1960s, as television and computers were increasingly used to transmit financial information.

The concept of the stock ticker lives on, however, in the scrolling electronic tickers seen on brokerage walls and on financial television networks.

From History.com: Edward Calahan was the brilliant man behind this contraption, a device that allowed anyone to print stock quotes on strips of paper tape. This paper tape is what inspired the name “stock ticker” because of the sound that it’s wheel made when printing.

Two years later, Thomas Edison, a fellow telegraph operator, would create an easier-to-use version of Calahan’s stock ticker. Edison’s improvement would provide him with the funds needed to open his own lab where he would later come up with both the light bulb and phonograph, two prominent inventions in our history.

Although the stock ticker was replaced by computerized tickers in 1960, it will always be Calahan who will be remembered for discovering a smart way of comparing stock day-to-day which would later on change how the New York Stock Market would function.

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  1. Raptor Pharmaceutical Corp. Stock Price Down 4.1% After Insider Selling (RPTP) - StockMarketLink.com | StockMarketLink.com says:

    […] This Day in History: First Stock Ticker Revealed in New York in 1867 From History.com: Edward Calahan was the brilliant man behind this contraption, a device that allowed anyone to print stock quotes on strips of paper tape. This paper tape is what inspired the name “stock ticker” because of the sound that it's wheel … Read more on The Global Dispatch […]

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