Nowadays, with the evolution of technology, people are focused on getting the top-rated product in every field of work. Whether it is related to IT, commerce or any other field but the quality should be top rated.
For this purpose, multiple inventions are made by makers. The same thing applies while trading securities i.e. while dealing with securities the traders need the best software that can trade their data with minimum error.
For measuring the change in movement of prices in security a term named as Tick was introduced. The further explanation of this term is given below:
What is Tick Data??
A tick data basically measures any upward or downward movement in the measure of security. Or in simple words, it tells us about a change in the price of a security. It shows a trader the fluctuations in pricing while dealing with securities.
Characteristics of Tick Data
Some characteristics of tick data are given below
1. Price Movement Indicators
Tick data is referred to as price movement indicator. As it tells certain changes in price levels of security being traded. With the feature of price movement indication, it can tell the user when to invest his money in securities and which to withdraw it.
2. Tick data size Plan
A plan was introduced to widen the sizes of selected stocks of securities is referred to as tick data size plan. By widening the sizes of selected stocks the market would become more liquid. The purpose of this step was to promote changes regarding trading activities.
Types of Tick Data
The Tick data has few types and they are discussed below:
1. Zero Minus Tick
It is also known as downtick trade. In this type of tick data, the securities are traded at the same price as the preceding trade but the price would be lower. For some period of time selling a stock short was not allowed and short stocks having potential were required to pass through a tick test. But after some time the restriction was removed and now traders are allowed to trade short stocks.
2. Up Tick
It is also known as a plus tick. As it refers to the trading of security at a comparatively higher price than the previous sale price. In simple words, the stock traded previously when traded at a higher rate than it would be known as the uptick.
3. Down Tick
Another name for this type of tick data is downtick or minus tick. If security is traded on a lower price than previously done a trade of the same security than it would be known as downtick.
4. Closing Tick
Another type of tick data is closing tick in which difference between uptick and down tick is kept in record. It is used by traders as a technical indicator to show strength or weakness in the market.
5. Zero Plus Tick
If a stock is executed at the same price as it was done previously but at a higher price than last trade of different price than it is known as zero plus tick situation.
Tick Data Suite
As mentioned above everyone wants to put his hands on the best available product. So in terms of securities trading, we have a product which is considered the best one when it comes to doing trading in securities. The name of that product is the Tick Data Suite. This product is considered as
This product is considered as the best quality provider in comparison with all other products in the same category. As it includes multiple benefits and a wide range of features. Makers of the product are also providing some side services to the buyers which will provide some extra advantage to the users.
Some benefits associated with this product are given below
1. Metatrader 4
The very first advantage of this product is enabling back testing in MetaTrader 4. None of the previously launched products of such kind were involving MetaTrader 4 in their operations. But this unique product has enabled this feature.
2. Helping Scripts
Another benefit of this product is its helping side to the user as it provides a series of helping scripts that will help in data downloading. The processing of data would be provided free as a byproduct.
3. Easy to download
It is very easy to download as it does not include any complex steps. As the other available products of its nature are composed of some complex scripts. This product is totally different from others. Moreover helping material is also available in this regard. This is a user-friendly application.
4. Immediate delivery
Birt Ltd the owning company of this product has made possible immediate delivery of this product. Keeping in view the wide variety of features a user can get from their product. They are making the delivery of the product possible in the minimum time period. This feature will enable the user to get the product within a minimum time frame hence he will be able to start trading early.
5. Tested and approved
For every newly launched product, it is necessary that it should be well tested and approved by the concerned authorities. If we talk about Tick Data Suite than we can say that it is tested and approved by authorities.
This product has gone through multiple tests and after that, it has been declared as the best product available in term of trading so we can say that right now this product is capturing the market with is tremendous quality and a wider number of features.
6. No need for a computer degree
There are certain software in the market that require a computer degree to operate as they contain some complex scripts to be interpreted but not in the case of Tick Data Suite as its easy operation feature help user to use it easily because the processing of this software is also very easy as compare to other available software’s in the market.
7. Disk Saving space
Tick Data Suite carries a huge disk saving space with it as it uses a fast compression algorithm which beats every other product of such kind when it comes down to storing data, the availability of fast algorithm enables the software to store a large amount of financial data.
8. Download Manager
The integrated download manager allows starting downloads, enabling filtration and much more. As it has the auto possession of downloaded data so it also enables a feature of multi-reading.
9. Communicating Slippage
This product is having a built-in function of communicating slippage, Whenever a slippage occurs in your backtests it could be simulated in various modes so the user will not only get the alert regarding slippage but slippage will also be simulated with the detailed configuration setting.
10. Positively Rated
When we talk about customer satisfaction then the Tick Data Suite is getting positive feedback from its customers. Birt Ltd seemed to be pretty much satisfied with the current performance of their product as it is earning them very positive reviews from users.
11. Mastering within weeks
The helping scripts associated with this product are helping user to master it within few days and as good support is provided by the makers Birt Ltd for user’s guide so customers are easily able to run it on within few days of buying this product.
12. 60 Days money back guarantee
Birt Ltd has provided an option of returning 100% payment if customers are not satisfied with the performance. This means that they will be providing a 60-day trial period to the customer in which they can check out the product thoroughly. Although with so much customer satisfaction there is a guarantee that none of the buyers will be asking to utilize the money back clause but still it is an extra option provided by the makers.
Although with so much customer satisfaction there is a guarantee that none of the buyers will be asking to utilize the money back clause but still it is an extra option provided by the makers.
13. Monthly subscription
An important feature associated with this product is its monthly subscription option when you buy the product make sure to subscribe to monthly support and update option because subscribing monthly subscription will enable the user to get monthly updates on the product. It will also provide some supporting function with which user will be able to use the software more effectively.
14. Discount Option
The maker of this product has provided a nice discounted opportunity to all of their customers who want to buy this product soon from their website.
As you can see, there are multiple deals associated with the discounted option. But the out of all other available deals the most attractive one is the immediate purchase one. A customer who will purchase the product immediately will be given some discount. He might also get some additional services as well.
After going through the available features and benefits of the product we can say that Tick Data Suite is the best product available in the market. Its variety of features are making it popular among customers.
With reviews of its performance up till now, it is the best available product of its kind. The makers of the product are also offering a trial period so that the customer can make sure that this product really works.
• User Friendly
• Huge data storage feature
• Properly Tested
• Data Processing Option
• No further upgrading
• Might get slow
Summary: Tick Data Suite is very helpful in doing fast and accurate trading. Due to its large spacing option, it can store a large amount of financial data. Its slipping alert option will tell the user that there is something wrong with the product. The user can also avail some discount on the immediate purchase of the product.