Upstox launches TBT Engine to transform retail trading; check key features

Upstox has launched the Tick-by-Tick (TBT) Engine, aimed at enhancing the retail trading experience. The company is looking to take retail trading to a new level of precision.

Following its 2023 success in introducing TBT-powered charts, Upstox is set to redefine market analysis by providing accessibility to advanced trading tools, that are only available to institutional traders, to retail investors as well.

Tick-by-Tick data includes information like price, volume, and timestamps for each trade as opposed to data for sample trades. This ensures that no data point is missed, ensuring accuracy in pattern recognition and price triggers.

Detailed features and benefits of the TBT Engine

This is one of the primary offerings of the TBT Engine. It utilises real-time Tick-by-Tick data to provide traders with critical information before executing a trade. This tool offers traders the following insights:

• Depth Rank This feature allows traders to see the exact position of their limit orders in the market. For example, if you place a limit order for XYZ stock at ₹100, you’ll instantly know where your order stands.
• Traded at or Below/Above This tool indicates the percentage of trades executed at or below your limit buy order, or at or above your limit sell order. It provides valuable insights to help you adjust your positions in real-time.
• ‘Qty. Ahead of You’ This displays the total disclosed quantity of shares ahead of your order in the market.

Traders can set up LIVE Depth Rank alerts, receiving notifications every 15 minutes if their order’s position has declined. This keeps them informed as well as quick in fast-moving markets. This also removes the guesswork and facilitates smarter and real-time decision-making.

A comprehensive market view is important, especially when you are trading Futures and Options (F&O). Traditional market depth data often lacks showcasing critical movements in the market that can affect one’s trading strategy. Upstox’s new TBT Engine offers an extended market depth view of up to 30 levels.

For traders who are focused on technical analysis, recognising Demand and Supply Zones is essential. The Demand Zone indicates a price range with notable buying interest, while the Supply Zone highlights areas of strong selling pressure.

These zones act as support and resistance levels, depicting potential market reversals. Upstox is India’s first broker to display the top five prices with the highest quantities across the whole order book of exchange. This will provide traders with a strategic advantage to identify key price levels where the market may stabilise, rise, or decline.

Traders often face challenges with Good-Till-Triggered (GTT) orders, particularly in volatile markets. This is due to reliance on Snapshot Data, which can miss rapid price shifts as it records data in intervals. In contrast, TBT provides a continuous flow of trade packets, ensuring that all price movements are captured and nothing is missed.

This real-time data allows for more accurate matching and reliable triggering of GTT orders, giving traders greater accuracy and confidence while trading.

This tool enables traders to verify the accuracy of their trades across all brokers by entering the exchange order number and immediately accessing detailed information, including execution time and trade price.

The Trade Price Checker also offers a reverse-matching of order details, offering traders complete transparency and reinforcing trust in the accuracy of their transactions.

The launch of Upstox’s TBT Engine is a major advancement in how retail traders access and use market data.

With features like Order Flow Insights, extended Market Depth, Demand and Supply Zones, the GTT Trigger Engine, and the Trade Price Checker, Upstox offers a level of data precision and accuracy that was previously accessible to only high-frequency and institutional traders.

These powerful tools help narrow the information gap, empowering retail investors to make quicker, smarter, and more informed trading decisions.

Upstox is establishing a new benchmark in the Indian brokerage landscape, improving order execution success and giving traders a significant competitive edge. The engine redefines data insights for retail investors, making high-frequency trading tools available for everyone. The TBT Engine is available only for NSE Cash and F&O scrips.