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What is tick?

• pmontra 11y ago
  I had no idea and googled this page https://www.mongodb.com/post/45116404296/how-banks-use-mongodb-as-a-tick-database https://www.mongodb.com/post/45116404296/how-banks-use-mongo... "Tick databases are real-time database servers for capturing, managing, and processing market data." They go into the requirements after that.
• ddeck 11y ago
  For the curious, in financial markets ticks are datapoints that represent every order (price, size, conditions etc.) placed (or modified) in the market for a particular security by a buyer or seller, as well as trades. In liquid equity markets across a large number of securities, this data can have a very high frequency and typical databases are not well suited for it's storage and retrieval. More generally, tick databases are databases specialized for storing and querying high frequency time series data.