Best Amibroker Datafeeds for Realtime & Tick Data

Are you looking for the best RT data provider for Amibroker software at the lowest cost? Then you are at the right place. We are the first NSE, BSE & MCX -authorized Amibroker Datafeeds provider in India. To become a profitable trader, the first thing is to know what’s happening in the live market. This is because trading involves buying and selling things at the right time with managed risk to make money. You need to understand the risks and rewards of each trade. 

In the following blog, we will analyze three important things in detail –

1) What Datafeeds is all about

2) Real-time data

3) Why choose Amibroker Datafeeds for trading?

So, let’s dive in… 

PART 1 – Everything You must need to know about Real-time Amibroker Datafeeds!

What is the meaning of a datafeed?

A datafeed in trading is a continuous stream of financial data that provides traders with up-to-date information about market activities. It includes prices of stocks, commodities, currency rates, indices, and other financial instruments. The datafeed delivers real-time information directly to trading platforms, tools, and software, allowing traders to see the latest market movements as they happen.

A datafeed in the trading ecosystem can be described as the continuous streams of trades done at the exchanges during live market hours. It can be derived from the prices of stocks, indices, commodities, and other instruments provided at exchanges.

There are 5 types of data provided in a Datafeed:

1) Real-time Data

2) Tick Data

3) Historical Data

4) IEOD Data

Understanding the Types of Data given in Datafeeds: Amibroker Datafeeds

1) Choosing Real-Time Data for proper entry or exit of a position:

As its name indicates, real-time data provides continuous, live updates on market activities during the trading session.

• It provides immediate and continuously updated information containing the transactions, prices, and volumes that occur as active buyers and sellers trade on the stock exchange
• It uses the L1 type of data source with the lowest latency
• It executes faster than L2 & L3 type of data sources
• It can be loaded on a slower-speed internet connection with minimum PC requirements

2) Utilizing Tick Data for Precision Trading:

Tick Data, As the name suggests, measures every tick or trade done at the exchange.

• It comprises a time of trading, price, and volume
• Tick Data is used for High-Frequency Trading and the data quality is precise
• It uses the L3 type of data source with the best 99.9% uptime
• It is costlier than real-time data

3) Leveraging Historical Data for Backtesting Strategies:

As the name shows Historical Data is the past information of the trades done at exchanges.

• It includes price, volume, and tick data for the given interval of time
• It is used after the trading by traders to identify different patterns, trends, and volatility during the market hours
• Nowadays you can use this data can be used to create algorithms with the help of machine learning and artificial intelligence
• It is mainly used by traders to backtest a strategy

4) Using IEOD/EOD Data for Post Market Analysis:

Eod data or IEOD (intraday-end-of-day) data is accessed at the end of the trading day.

• It is not live data and thus can be used to create short-term strategies and technical analysis purpose
• data contains open, high, low, and close (OHLC) prices having 1 min data or minute, 5 min, 15 min to 1 hour or more hours), volume, bid and ask prices after the trading session ends
• It can be used to identify the patterns, trends, support, and resistance
• It is cheaper than Live Data

5) Enhancing Trading Strategy with Live Data:

• Live data helps to respond quickly in the fast execution of trade orders during live market hours.
• Live data feed is more costly than real-time data feed.
• Live is used only by high-frequency traders or institutions.
• It uses HFT Algorithms (high-frequency trading algorithms).
• It is precise with no time delay followed by L2 and L3 types of data sources.

PART 2 – Essential Things About Real-time Data in Amibroker Datafeeds

What is the real-time market data?

Real-time data provides immediate insights into market conditions, which is essential when unexpected events, such as breaking news, may cause a sudden rise or fall in the price during live market hours. Additionally, real-time data enables traders to make informed decisions during market uptrends, downtrends, or sideways movements, helping them manage losses or maximize profits based on how quickly and accurately they can respond.

Importance of using the real-time data in trading:

Analyzing real-time market data is important because it allows investors, traders, and businesses to make informed decisions based on the most current information available. This enables them to:

1) React Quickly to Market Changes: By monitoring real-time data, they can respond immediately to price fluctuations, news, and market events, optimizing their trading strategies or business decisions.

2) Improve Decision-Making: Access to up-to-the-minute information helps make more accurate and timely decisions, reducing the risks associated with outdated data.

3) Identify Trends and Opportunities: Real-time data helps in identifying emerging trends and opportunities before others, providing a competitive advantage.

4) Optimize Trading Strategies: Traders can adjust their strategies on the fly, improving their chances of success in fast-moving markets.

5) Enhance Risk Management: Real-time analysis allows for better risk assessment and management, as potential issues can be identified and addressed promptly.

6) Increase Efficiency: For businesses, real-time data make a trader adjust or shift positions in response to market fluctuations to avoid heavy losses

7) Entry & Exit Decisions: With the help of RT data a trader easily identifies the potential opportunities for early entry or exit in trades with fast-moving market conditions essential to buy and sell or book a profit or loss in a trader as per situations. 

8) Strategy Deployment: RT data contribute to deploying the strategies involving assets and associate risk management by a trader.  

9) Trend Analysis: Real-time data helps a trader identify various patterns in live market situations, volumes, and trend reversals.  

10) Minimize Slippage: For every trader, it is essential to keep track of the slippage. RT data helps to minimize the slippage to increase the profitability of a trade.

11) Minimum PC Requirements: For trading purposes, we need a fast PC but real-time data uses the L1 type of data source and hence it can be accessed the normal PC without any high configurations.

12) Work with Slow Internet Speed: During trading hours, every trader requires a fast Internet connection crucial for accessing real-time data. However, real-time data feeds still perform well even with slower internet speeds. This is because they use the L1 data source, which is optimized to deliver data efficiently, even on slower connections.

13) Protects Position: In a volatile market, there are situations when a trader closes the positions or makes a position, it can be profitable or can be a loss, but due to access to real-time data it can be helpful to square off the position or make a new position for a given trade.

Analyzing real-time market data is crucial for staying competitive, making informed decisions, and managing risk effectively in dynamic market environments.

Why is Real-time data known as Next-level Charts Real-Time Data (NLC Data)?

NLC data feed is a type of data feed that provides information every second regarding price movements and volumes in live market conditions. This type of data feed can be accessed with any financial instrument, such as stocks, indices, commodities, and so on. Thus, Real-time data is also known as Next-level Charts RT Data.

What are the key differences of using L1 data over L2 & L3 type of data?

1) L1 type of data is less expensive than L2 & L3 data.

2) Level 1 data captures volume, best bid & ask prices, high & low prices, and the last trade price, at the same time L2 data provides information about the order book, market depth, bid & ask sizes along with prices and time of each trade in the given timeframe., and L3 data gives full order book (tick by tick data) information with high-frequency data. 

3) The L1 data source can be accessed using an exchange or your broker. 

4) The L1 data source is simple to process hence a trader can make quick decisions during trading hours.

5) L1 data source helps in price action trading. 

6) Many popular indicators can be calculated by using the L1 data source. 

7) L1 data source executed fast as compared to L2 & L3 data source. 

8) The L1 data source consumes less bandwidth and can be downloaded faster over a slow internet connection. 

9) L1 data source is sufficient to run basic strategies, while L2 & L3 data source is used to run complex strategies. 

10)  Beginner traders can easily interpret the L1 data source, while the L2 & L3 data sources need experienced traders to understand. 

PART 3: How to choose the best NSE, BSE & MCX -approved real-time data access in INDIA?

You can access real-time data with the help of an RT data feed. Before buying real-time data for trading, every trader should consider the following 10 key factors – 

1. It must have a low latency period and a 99.9% uptime loaded effectively with fast speed.
2. It must have essential symbols for different markets such as futures & options, stocks & indices, commodities, etc.
3. The data must be fetched directly from the exchange server to GFDL servers & Users System.
4. It must provide intraday history. 
5. It must contain the eod (end-of-day) history. 
6. The real-time data must contain information on open, high, low, close, ask, and bid prices with ask & bid sizes, open interest, change & percentage change, and trade size for the provided symbols as per the data feed. 
7. The data must be downloaded slower than the internet if situations arise. 
8. It must be cost-affordable.  
9. It must be available on Desktop, Laptop & Virtual Machines.
10. It must be a feature to create multiple watchlists for market analysis.
11. Most importantly, the real-time and Tick Data must be obtained from the NSE,BSE & MCX-authorized L1 Data Vendor or Provider.

There are more than 30+ real-time data providers authorized by the NSE (National Stock Exchange of India), the full list is provided on the NSE website you can check this out, of which GFDL (Global Financial Datafeeds LLP) is the first and oldest real-time data vendor trusted and authorized by NSE,BSE & MCX. We provide the fastest Amibroker Datafeeds with the lowest latency.

After its inception in the Year 2009, just in the Next Year (2010), Global Datafeeds became the first authorized and trusted real-time L1 Data Vendor of NSE (National Stock Exchange of India), and later on by BSE (Bombay Stock Exchange of India), and MCX (Multi Commodity Exchange of India). To date, we have been providing real-time and tick data to our clients for over 13 years.

That’s why it’s very important to do your own research before buying any datafeeds from a provider. We offer the Amibroker Datafeeds with lowest latency

Why NimbleDataPro is considered the best Real-time Amibroker Datafeeds?

NimbleDataPro simplifies RT (real-time) data integration with Amibroker by offering unique features as follows:

1) NimbleDataPro is one of the best real-time datafeed for Amibroker in India

2) NimbleDataPro data feeder gives real-time intraday data for Amibroker as it uses the L1 type of data source   

3) RT data is fetched directly from the stock exchange servers to GFDl server & Users system 

4) Both NimbleDataPro and NimbleDataProPlus are the top choices by marketers as It has all the futures of all months including NSE F&O (Futures & Options Segment), BSE F&O (Futures & Options Segment), and NSE CDS (Currency Derivatives Segment)

5) All the options of all months of all stocks or indices with all strike rates including NSE F&O (Futures & Options Segment) and BSE F&O (Futures & Options Segment) can be accessed with our Amibroker Data feed.

6) NimbleDataPro covers all stocks, and index options from the NSE and BSE Equity cash segment & MCX (commodity), thus it serves the best stock future, and options with commodity data feed.

7) All 225 ticker symbols for each segment at a time

8) RT data provided by NimbleDataPro have no delay in speed and performance

9) Intraday history of minutes and hours of real-time data with fast speed

10) Tick Data quality is accurate with a fast speed time stamp of 1 second for the given time and date range  

11) RT data contains information on open, high, low, close, ask & bid price with ask & bid sizes, open interest, change & percentage change, and trade size for all 225 ticker symbols per segment

12) NimbleDataPro can also be used to historical backfill data

13) NimbleDataPro is subscription-based and comes with an affordable price. It is available for download with a free demo or trial version for testing for your Amibroker data feed software.

Frequently Asked Questions about Real-time data feed –