Introducing TBT Engine - A leap into the future of trading
Earlier this year, we became the 1st broker in India to introduce Tick-by-Tick (TBT) powered charts, enabling you with accurate indicator mapping, pattern recognition and improved analysis. After this success, we’re ready with the second phase of our TBT offering, which is much bigger, better, and bolder than before….
Presenting, TBT Engine, a suite of innovative features that leverage TBT data's full potential. You can watch the product keynote here in case you missed it - https://youtu.be/3GRNJrPjlp0?si=C3NuHHrMWCNtLW4c. And to use TBT Engine during market hours, click here - https://upstox.onelink.me/0H1s/Tbtengine
Key features under TBT Engine
1. Order Flow Insights
There are two main types of orders placed by traders: Limit and Market Orders. Currently, most traders prefer placing Limit Orders. However, a significant challenge with Limit Orders is ensuring their successful execution, often leading to guesswork during trade placement. To address this and improve execution rates, we’ve introduced Order Flow Insights. This feature leverages real-time Tick-by-Tick (TBT) data to provide traders with the following critical information before placing an order, helping them make more informed decisions and enhancing their chances of success.
- Depth Rank: Tells you where your limit order stands in the market compared to other open orders. For example, if you place a limit order for XYZ stock at ₹100, you’ll immediately know at what level your order stands in the market.
- Traded at or below/above: Tells you the percentage of orders traded below your limit buy order or above your limit sell order at that point of time
- Qty. ahead: Tells you the total quantity of shares standing ahead of your order waiting to be traded
- LIVE alerts: Notifies you every 15 minutes when your depth rank worsens
2. 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, we will provide an in-depth order book, up to level 30 using the TBT data stream.
3. Demand and Supply Zones
This section will show the top 5 prices with the highest quantities standing in the Exchange’s order book. It will help you with better trend identification. The Demand Zone helps you understand where there is strong buying interest, while the Supply Zone shows where selling pressure is high. This feature offers a clear advantage, helping you identify key price levels where the market might stabilize, rise, or fall.
4. 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. We’re going to address this issue by utilising TBT data. 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.
5. Trade Price Checker
Traders often need to verify whether their trades were executed correctly and check for any discrepancies between the broker’s report and the Exchange’s records. With our Trade Price Checker, we provide detailed information about every trade you place, regardless of which broker platform you use.
How this works - to verify the accuracy of your trades, simply enter the Exchange order number into the 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 our 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.
TL;DR
Upstox’s TBT Engine is here to help you:
- Improve probability of success
- Place informed trades
- Gain a deeper understanding of the markets
- Manage risks
- Gain a competitive edge
Quick links - Keynote: Upstox’s Biggest Product Launch Ever! | Feature access: https://upstox.onelink.me/0H1s/Tbtengine
*Available only for NSE Cash and F&O scrips
