ticker-tape parade

A ticker-tape parade is a parade event, held in a downtown urban setting, allowing the jettison of large amounts of shredded paper products from nearby office buildings onto the parade route, creating a triumphal effect by the snowstorm-like flurry.The term originated in New York City after a spontaneous celebration held on October 29, 1886 during the dedication of the Statue of Liberty, and is still most closely associated with New York City. The term ticker-tape referred originally to the use of the paper output of ticker tape machines, which were remotely-driven devices used in brokerages to provide updated stock market quotes. Nowadays, the paper products are largely waste office paper that have been cut using conventional shredders.
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