Data input to broker

[Overweight]

What data does a broker receive from liquidity provider?

Is only tick data?

or complete data contains: tick data, all OHLC candle for all time frame?

[Fernando Carreiro]

Overweight: What data does a broker receive from liquidity provider? Is only tick data? or complete data contains: tick data, all OHLC candle for all time frame?

As the name states, the Liquidity Provider, provides the "liquidity" (supplies the market and carries out the transactions).

The Liquidity Provider does not necessarily also provide the Data Feed. Sometimes they are one and the same but sometimes they are separate entities where you also have a Data Feed Provider.

Sometimes the Data Feed Provider supplies all the data, but sometimes some data comes from the Liquidity Provider (e.g. tick and order book) and the rest from the Data Feed Provider (e.g.OHLC), and sometimes the Liquidity Provider supplies all the data so that the Broker does not need a separate Data Feed Provider.

It all depends on what services each entity provides the Broker.