In this blog, we’ll explore the Tick-by-Tick (TBT) Engine introduced by Upstox, a major upgrade for retail traders seeking more accurate and real-time data to improve their trading strategies. Unlike the traditional snapshot data feeds that provide periodic market updates, TBT data captures every single market movement in real-time, offering unparalleled precision.
What is the TBT Engine?
The TBT Engine offers a real-time stream of every market transaction. Snapshot data, commonly used by many brokers, only updates at intervals and provides a limited view of the market. In contrast, TBT data captures every trade and price change as it happens, giving traders a complete picture of the market’s movements. This level of detail, once accessible only to institutional traders, is now available to retail traders through Upstox’s platform.
Key Features of the TBT Engine
1. Market Depth of 30 Levels
One of the most significant features of the TBT Engine is access to market depth up to 30 levels. Most brokers provide only the top 5 levels of bid and ask prices, but with Upstox’s TBT data, you get to see a much deeper market view. This is particularly useful for Futures & Options traders who need to analyze the full extent of buying and selling pressure across different price levels. With this depth of information, you can better predict market movements and adjust your trading strategies accordingly.
2. Order Flow Insights
The TBT Engine also includes Order Flow Insights, a tool that helps traders see where their limit orders stand in the exchange’s order book. You can view the number of orders ahead of yours, along with the total quantity of shares waiting to be traded. This insight helps traders modify their orders in real-time, ensuring better execution, especially in fast-moving markets.
3. Demand and Supply Zones
TBT data allows Upstox to offer Demand and Supply Zones—a feature that identifies price levels with the largest quantities of buy and sell orders. By understanding where buying interest (demand) and selling pressure (supply) are concentrated, traders can make more informed decisions about where to enter or exit trades. This feature helps you spot critical support and resistance levels, making your trading strategy more robust.
4. GTT Order Triggering with TBT Data
A common issue with Good-Till-Triggered (GTT) orders is missing price changes in volatile markets due to delayed snapshot data. The TBT Engine solves this by providing continuous updates, ensuring that no price movement is overlooked. This means your GTT orders will trigger on time, giving you more control over your trades, especially during volatile market conditions.
How TBT Data Transforms Your Trading
The introduction of TBT data is a game-changer for retail traders. Here’s how it impacts your trading:
• Improved Accuracy: TBT data captures every trade and price movement in real-time, ensuring your decisions are based on the most accurate information available.
• Better Market Insight: With deeper market depth (up to 30 levels) and access to demand and supply zones, traders can better analyze market trends and liquidity.
• Enhanced Trade Execution: Order Flow Insights allow you to see where your order stands in the queue, helping you adjust your strategy for better execution.
Conclusion: Elevate Your Trading with Upstox’s TBT Engine
Upstox’s Tick-by-Tick Engine is more than just an upgrade in market data; it’s a new way to trade. By providing precise real-time data, deeper market depth, and tools like Order Flow Insights and Demand & Supply Zones, the TBT Engine helps retail traders make more informed, timely decisions. This is a critical step forward for those looking to trade like professionals, with the same level of accuracy and speed as institutional traders.
