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Tick-by-Tick (TBT) vs Snapshot: What Investors Must Know

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Tick-by-Tick data captures every trade executed in real time. 

It provides details like: 
• Exact trade price & quantity 
• Time of execution 
• Buy/sell breakdown 

Ideal for intraday traders and algorithmic strategies who rely on precise market movements. 

Understanding Tick-by-Tick (TBT) Data

Snapshot provides periodic aggregated market data, such as:
 
• Last traded price 
• Open, high, low, close (OHLC) 
• Volume & bid-ask spread 

It’s less detailed but easier to use for retail investors or portfolio tracking.

Snapshot Data: Quick Market Overview

TBT vs Snapshot: Key Differences

• Tick-by-Tick (TBT): Updates every trade in real-time; great for intraday traders

• Snapshot: Updates at fixed intervals; shows broader market view with OHLC & volume

• TBT = Detailed & Data-Heavy Snapshot = Simple & Lighter

When to Use Tick-by-Tick Data

• Monitoring real-time price fluctuations

• Making split-second trading decisions

• Running algorithmic or high-frequency trading

Note: Requires higher data subscription and faster systems.

When Snapshot Data Works Best?

• Tracking overall market trends 

• Portfolio valuation & reporting
 
• Analyzing end-of-day prices 

Snapshot is cost-effective and less data-intensive than TBT.

• Intraday traders & algos → TBT
 
• Retail investors & long-term → Snapshot
 
Your choice depends on your trading style, investment horizon, and tech capabilities.

Which One Should You Choose?

Conclusion: Data Drives Decisions

Both Tick-by-Tick and Snapshot data are valuable.
• TBT → Precision & Speed
• Snapshot → Simplicity & Ease

Choosing the right type of market data can enhance trading strategies and portfolio management. 
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