Nationality: Irish

Occupation: Financial Engineering

Residence: New York, NY

Text: 

“After the Giants won the Super Bowl in 2008, they did the traditional victory parade through New York. The parade goes along a narrow section of Broadway in lower Manhattan called the ‘Canyon of Heroes’, where all of the employees of the banks watch the parade from their office windows. When I worked at BGC my office was along this section of Broadway, and that morning someone had left out boxes full of thin strips of paper. As the parade went by everyone threw the paper out of the window like it was confetti. Workers used to throw ticker tape, hence the name, but ticker tape was obsolete by 2008 so we just used paper.”

Context:

New York City has been doing ticker tape parades since long before my father moved to America in the early 90s. Historically the parades were done to honor anyone considered worthy, including returning soldiers, astronauts, and politicians. However in the time my dad has lived in New York, they have only been done for championship winning sports teams, and he only worked in an office on Broadway for one of them. Historically, these parades featured employees at financial firms throwing ticker tape; ticker tape is a thin strip of paper which was used to receive live stock market updates through telegraphs. The employees would throw the tape out of the window in celebration, and it would fall down like confetti. After the internet rendered ticker tape obsolete, employees began throwing slits of paper out of the window instead.

Analysis:

Both the use of ticker tape (and the paper that replaced it) and the parade going down the “Canyon of Heroes” are ways that New York differentiates itself from other cities when conducting championship parades. First, there is the deliberate choice to use paper that replicates ticker tape instead of using normal confetti (like any other city would). Ticker tape symbolizes Wall Street and the stock market, which are major parts of the fabric of New York City. Additionally, the parade route going through the financial district to have employees watch from windows is very different from other parades. Most parades go through areas with areas for spectators, but in New York the parade is meant to be watched from an office window. This is a reflection of the work culture of New York, especially in the financial industry. At businesses where employees often work 60+ hours a week, nobody would have time to leave the office to watch a parade, so instead the parade follows a route allowing it to be watched from the office. Ticker tape parades turn generic championship parades into unique celebrations that reflect New York City.