As per lates SEBI board meet, free tick-by-tick data is to be made available by TM.
“Page 3of 8II.Stock Exchanges to provide Tick-by-Tick Data feed (TBT Feed) to all the trading members, free of charge, subject to trading members creating the necessary infrastructure for receiving and processing it. Stock Exchanges to increase the depth of snapshot of 5 best bid and ask quotes, in consultation with trading members.”
@VenuMadhav,@nithin - Do you have any perspectives on how soon is this to be expected and what are the countours of it ?
@astuter Only if you have good fast hardware and can afford to rent co-location rack space, you can use this TBT data feed. Mostly probably you will not be allowed to export it outside, its for trading from co-location computers only.
@p6999. Your information is incorrect. TBD with colocation is faster execution. No one prevents anyone from using it differently. Also, for historical data you can use pretty reasonable hardware to test. Any modern laptop would be fine.
Free tick by tick data means that currently what NSE charges Rs 1lk/year for TBT data when on colocation, will be free. This makes no material impact in terms of costing as the real expense is the cost of being colocated itself. Can cost tens of lakhs.
Also TBT data feed can’t be streamed to clients, you have to be colocated to consume because of the sheer amounts of data. Whatever small benefit this has, will be only to traders/brokers who have their own setup within NSE colocation.
@nithin: Sure, but can a broker make historical TBD available to be downloaded for backtesting ? Getting histrorical data was very expensive as well. I am not talking about the feed but historical data.