Last couple of weeks we spend our energy in understanding the quality of the datafeeds (Indian & International vendors) for NSE Futures. Since data is the critical element for Derivative traders & Short Term traders we took our observation from Authentic Data vendors( Globaldatafeeds,
Though there was initial confusion about what kind of
What is a Tick Chart?
1-Tick Chart is a price chart which plots the price at each and every price transaction where
Basically 1 Tick = 1 Trade transaction ( 1 Executed Order)
Why Iam Getting Ticks wth Zero Volume?
Last time I heard from Globaldatafeeds they
we update the ticks
1. There is a change in bid price or size
2. There is a change in ask price or size
Zero ticks because of Point 1 & 2?.
Means one will get a tick data from the vendor with zero volume if there is a change in bid price/size or ask price/size
Globaldatafeeds transmits all those zero
They also provided a filter in their data manager to remove such zero volume ticks. It is
The other authentic vendors like
1)Data vendor quality remains the same irrespective of which data vendor you use.
2)Tick Data quality remains the same across the different data vendors. Some ticks might rarely gets missed because of the traders internet bandwidth or frequent disturbance from the internet. manul Re-Backfill from the charts or data manager could solve this issue.
3)Tools like Amibroker does
4)If you are using Orderflow kind of tools which requires critical information like trade executed at ask price/bid price. In that case all the authentic data vendors(Globaldatafeeds, Truedata, Esignal) provides same information.