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+--- Thread: what is difference between aliceblue websocket ltp and get ltp by token (/thread-534.html)
what is difference between aliceblue websocket ltp and get ltp by token - Sapna Mukherjee - 02-07-2024
Alice Blue provides different methods to fetch the Last Traded Price (LTP) of financial instruments, including through WebSocket connections and normal GET requests by token. Here are the key differences between these two methods:
### WebSocket LTP Fetching
#### Advantages:
1. **Real-Time Updates**:
- WebSockets provide real-time updates of market data. Once a WebSocket connection is established, the server pushes updates to the client immediately as they happen.
- This is ideal for applications that require real-time data, such as trading bots or live dashboards.
2. **Efficiency**:
- WebSockets are more efficient for streaming data as they maintain a persistent connection, reducing the overhead of repeated HTTP requests.
- This is particularly useful for high-frequency trading or monitoring multiple instruments simultaneously.
#### Disadvantages:
1. **Complexity**:
- Implementing and managing WebSocket connections can be more complex compared to simple HTTP requests.
- It requires handling connection lifecycle events like connection establishment, reconnections, and message parsing.
2. **Resource Usage**:
- WebSockets can consume more resources on both the client and server sides due to the persistent nature of the connection.
#### Example:
```python
import websocket
import json
def on_message(ws, message):
data = json.loads(message)
print(f"LTP for {data['token']}: {data['ltp']}")
def on_error(ws, error):
print(error)
def on_close(ws):
print("### closed ###")
def on_open(ws):
subscribe_message = {
"action": "subscribe",
"token": "BANKNIFTY JUL FUT"
}
ws.send(json.dumps(subscribe_message))
if __name__ == "__main__":
websocket_url = "wss://example.aliceblueapi.com/stream"
ws = websocket.WebSocketApp(websocket_url,
on_open=on_open,
on_message=on_message,
on_error=on_error,
on_close=on_close)
ws.run_forever()
```
### Normal GET LTP Fetching by Token
#### Advantages:
1. **Simplicity**:
- Using a GET request to fetch the LTP by token is straightforward and easy to implement. It involves making a single HTTP request and receiving a response.
- This is suitable for less frequent data retrieval or where real-time updates are not critical.
2. **Resource Light**:
- GET requests are stateless and do not require maintaining a persistent connection, which can be less resource-intensive.
#### Disadvantages:
1. **Latency**:
- HTTP GET requests can have higher latency compared to WebSocket updates because each request needs to establish a connection, send a request, and wait for a response.
- This method is not suitable for applications requiring real-time data updates.
2. **Overhead**:
- Repeated GET requests can create significant overhead, especially if polling frequently for updated data.
#### Example:
```python
import requests
def get_ltp_by_token(token):
url = f"https://example.aliceblueapi.com/getLTP/{token}"
response = requests.get(url)
if response.status_code == 200:
data = response.json()
return data['ltp']
else:
return None
token = "BANKNIFTY JUL FUT"
ltp = get_ltp_by_token(token)
if ltp:
print(f"LTP for {token}: {ltp}")
else:
print("Failed to fetch LTP")
```
### Summary
- **WebSocket LTP Fetching**:
- Best for real-time applications needing continuous updates.
- More complex to implement and manage.
- Efficient for high-frequency data streaming.
- **Normal GET LTP Fetching by Token**:
- Simpler and easier to implement.
- Suitable for less frequent data retrieval.
- Higher latency and overhead with frequent requests.
The choice between these two methods depends on the specific requirements of your application, such as the need for real-time updates, ease of implementation, and resource constraints.