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 theStatue of Liberty, and is still most closely associated with New York City. The term�ticker-tape�originally referred 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�paper shredders. The city also distributes paper�confetti.[1]
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