Question 1

What is Tick-by-Tick (TBT) Data in the share market?

Accepted Answer

Tick-by-Tick is a type of data feed that records every market event including:

Any buyer who places or cancels a bid
Any seller who places or cancels an ask
Any trade that gets matched (the price at which a trade gets executed, also known as the Last Traded Price [LTP])

Tick-by-Tick Data offers a full order book of all trades at the Exchange. As the data is huge, a rack in the Exchange needs to be purchased to ensure the data is received in a timely manner (avoiding latency issue). This guarantees in not missing even a single data point when Tick-by-Tick data is used.

Question 2

How can I use Tick-by-Tick Data?

Accepted Answer

You can access Tick-by-Tick Data by subscribing to market data providers, financial APIs, advanced trading software or brokerage platforms like Upstox

Question 3

Are there any costs associated with accessing Tick-by-Tick (TBT) Data?

Accepted Answer

Accessing Tick-by-Tick Data is expensive, but at Upstox, we're offering it to you completely FREE of charge Logistics and setup to procure Tick-by-Tick Data is expensive. The broker needs to have infrastructure colocated with each exchange. The broker has to invest in data lines that are 100x bigger than what is required for Snapshot Data To stream TBT to the end consumer, the internet costs for brokers are also much more expensive. Processing TBT Data is not feasible. Given the massive size of data that gets pushed out of the exchange, it's not feasible to send each and every packet from the exchange to the customer in real time. Sending all this data over the internet is extremely unreliable. To consume TBT in its entirety the broker has to also be colocated in the exchange

Question 4

Why is Tick-by-Tick Data important for traders?

Accepted Answer

Tick-by-Tick Data is essential for traders because it provides the most detailed view of market activity. This real-time data tracks every single transaction, including price changes, trade volumes, and timestamps, allowing traders to analyse market trends with accuracy 1. Accurate charting data: OHLC charts created by TBT will naturally display higher highs and lower lows 2. Better alerts and triggers: Snapshot Data will miss triggering alerts and GTTs on volatile instruments (like BANKNIFTY options). By running alerts at the broker's end connected to TbT data, your triggers will get hit when others won't even register the price update! 3. Enhanced backtesting: Your backtesting results will be much more accurate with historical candles for volatile instruments 4. Greater transparency: With the access to every trade, you get a more clear picture of market activity

Question 5

Can Tick-by-Tick Data improve my trading performance?

Accepted Answer

Tick-by-Tick Data can improve your trading performance by offering real-time, detailed insights into market movements, helping you make more accurate decisions, improve timing, and refine strategies.

Question 6

Is Tick-by-Tick Data available for all stocks?

Accepted Answer

Tick-by-Tick Data is available exclusively for NSE stocks and F&O scrips. It does not include indices.

Question 7

What is TBT Engine developed by Upstox?

Accepted Answer

TBTEngine developed by Upstox is a suite of innovative features that leverage TBT Data's full potential. It includes the following: Order Flow Insights A feature that uses TBT Data stream to provide you with the following information before you place a trade:

Depth Rank: Know where your limit order stands in the market compared to other open orders
Traded at or below/above: Know the percentage of orders traded below your limit buy order or above your limit sell order at that point of time.
Qty. ahead: Know the total quantity of shares standing ahead of your order waiting to be traded
LIVE alerts: Get notified every 15 minutes if your order rank worsens and your order moves down in the order book

Market Depth 30 While trading in volatile markets, especially F&O contracts, the top 5 levels of market depth data are insufficient, as these levels can fill up quickly, leading to missed opportunities. To fix this gap, Upstox now provides an in-depth order book, up to level 30 using the TBT data stream. Demand and Supply Zones Demand zone signifies a price range where there is significant buying interest or where a large number of buy orders are standing in the market - indicating a potential support level where the market might stabilise or rise. Supply zone represents a price range where there is significant selling interest or where a large number of sell orders are standing in the market - indicating a potential resistance level where the price may stabilise or fall. To help you understand where there is significant buying and selling interest and also understand where there might be a trend reversal, our Demand & Supply Zone showcases the Top 5 orders with the highest quantities standing in the market. GTT Trigger Engine Often, traders complain that their GTT orders weren't triggered. This issue frequently occurs with highly volatile scrips. A major reason behind this is that most retail brokers use Snapshot Data, which is sampled at intervals, and therefore, their GTT triggers may miss capturing rapid price movements. To address this issue, Upstox will now utlise TBT Data for GTT Triggers. Unlike Snapshot Data, TBT provides a continuous stream of all trade packets, ensuring that no price movement is overlooked. This comprehensive data allows for precise matching and reliable triggering of GTT orders. Trade Price Checker To verify the accuracy of your trades, you can enter the Exchange order number into our Trade Price Checker. Upstox will instantly retrieve detailed information, including the exact time of execution, the precise trade price, and a reverse-matching of your order details. This feature allows you to see exactly how and with whom your order was matched, providing complete transparency and reinforcing trust in the accuracy and integrity of your transactions. With the power of Upstox's TBT Engine, your decisions are backed by precise, actionable market data insights. You'll have a clear view of how many orders are ahead of you, where the demand-supply zones are, how many quantities are in the queue and more. This enables you to adjust your strategy for optimal execution. This level of access, once reserved for HFTs, and institutional traders is now at your fingertips, dramatically reducing information asymmetry and empowering you to make informed trading decisions.TBT Engine isn't just an upgrade; it's a paradigm shift.

Question 8

What is Order Flow Insights?

Accepted Answer

A feature under TBT Engine that uses TBT Data stream to provide you with the following information before you place a trade: Depth Rank: Know where your limit order stands in the market compared to other open orders Traded at or below/above: Know the percentage of orders traded below your limit buy order or above your limit sell order at that point of time. Qty. Ahead: Know the total quantity of shares standing ahead of your order waiting to be traded LIVE Alerts: Get notified every 15 minutes if your order rank worsens and your order moves down in the order book

Question 9

How is Depth Rank helpful?

Accepted Answer

Depth Rank helps you understand where your limit order stands in the market compared to other open orders. Using this you can adjust your limit price and improve chances of order success.

Question 10

How are the Demand and Supply zones useful?

Accepted Answer

Demand zone signifies a price range where there is significant buying interest or where a large number of buy orders are standing in the market - indicating a potential support level where the market might stabilise or rise. Supply zone represents a price range where there is significant selling interest or where a large number of sell orders are standing in the market - indicating a potential resistance level where the price may stabilise or fall. To help you understand where there is significant buying and selling interest and also understand where there might be a trend reversal, our Demand & Supply Zone showcases the Top 5 orders with the highest quantities standing in the market.

Question 11

Why use the Trade Price Checker?

Accepted Answer

Use the Trade Price Checker to verify the accuracy of your trades. Simply enter the Exchange order number into our Trade Price Checker, Upstox will instantly retrieve detailed information, including the exact time of execution, the precise trade price, and a reverse-matching of your order details. This feature allows you to see exactly how and with whom your order was matched, providing complete transparency and reinforcing trust in the accuracy and integrity of your transactions.

Question 12

What is Snapshot Data?

Accepted Answer

Snapshot Data is the data packet that is served over a leased line by the exchange. This is served as a sample for every 1s. As this is sample data, there is a high probability of missing out some data points (which may be a probable the lowest low or highest high of the day). Also it will have latency issues (Slippage) because it was served over the internet.

Question 13

What is Snapshot vs Tick-by-Tick Data?

Accepted Answer

Tick-by-Tick Data packet on the other hand is a data packet of every trade that has taken place on the exchange (and not just a sample). This ensures that not even a single trade price is missed when data is collected using this service. The chances of slippage is next to 0% because the data is collected and stored in the premises of the exchange making is highly accurate.

Question 14

What is Tick Trading?

Accepted Answer

Tick trading is a strategy that aims to leverage minor price swings, especially in volatile F&O instruments. Traders use this strategy to benefit from the slightest disparities between bid and ask prices.

Question 15

How to do Tick Trading?

Accepted Answer

Traditionally, most brokers display Snapshot Data on their charts, market depth etc. But Snapshot Data doesn't capture every transaction that takes place on the Exchange. In contrast, Tick-by-Tick data captures every single transaction at the Exchange. Having access to this data can make a difference worth lakhs. Trading using this data is known as Tick Trading.

Question 16

What s a tick in trading?

Accepted Answer

The smallest price movement in the price of a security is called a tick. It helps you measure market sentiment, understand price fluctuations and provide traders with insights. It indicates the price increment between the "bid" & "ask" quotes.

Question 17

What is the tick trading strategy?

Accepted Answer

Tick trading is a strategy that aims to benefit from the smallest price movement in the price of a scrip. It's beneficial while trading in volatile F&O instruments. Traders use this strategy to benefit from the slightest disparities between bid and ask prices.

Question 18

What is the tick rule in trading?

Accepted Answer

Tick trading is a strategy used by traders to benefit from small price movements, often within the span of a single trading session. The tick size rule shows the minimum increment or decrement in the price of securities.

Question 19

How to read a tick chart?

Accepted Answer

The smallest price movement in the price of a security is called a tick. Traditionally, one would read charts by time intervals - one minute, five minutes etc. With tick charts, you're studying price movements based on trades (ticks), not time. Tick charts are a better representation of market activity during volatile periods. Some traders find it easier to spot patterns like head and shoulders, flags, or triangles using tick charts. In slower markets, fewer tick bars form, reducing noise compared to time-based charts, which show new bars even when there's little activity. Tick charts are popular among day traders and scalpers, who require fast-paced and detailed market data to make quick decisions.

Tick-by-Tick Trading

Tick by Tick Data

Demand & Supply Zone

Depth 30

TBT Charts

GTT Triggers

FAQs