The same twelve prints, ranked by venue clock and by tape clock
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-14, from Market Data Timestamps: SIP vs Exchange Clocks.
| print_label | venue_clock_et | tape_clock_et | participant_rank | sip_rank | places_moved | sip_lag_delta_us |
|---|---|---|---|---|---|---|
| P06 | 10:44:17.160712 | 10:44:17.161018 | 6 | 12 | 6 | 305.7 |
| P07 | 10:44:17.160714 | 10:44:17.160999 | 7 | 6 | 1 | 284.4 |
| P08 | 10:44:17.160714 | 10:44:17.160999 | 8 | 7 | 1 | 284.5 |
| P09 | 10:44:17.160714 | 10:44:17.160999 | 9 | 8 | 1 | 284.7 |
| P10 | 10:44:17.160714 | 10:44:17.160999 | 10 | 9 | 1 | 284.9 |
| P11 | 10:44:17.160714 | 10:44:17.161008 | 11 | 10 | 1 | 293.4 |
| P12 | 10:44:17.160714 | 10:44:17.161008 | 12 | 11 | 1 | 293.5 |
| P01 | 10:44:17.160580 | 10:44:17.160595 | 1 | 1 | 0 | 14.9 |
| P02 | 10:44:17.160580 | 10:44:17.160598 | 2 | 2 | 0 | 17.6 |
| P03 | 10:44:17.160580 | 10:44:17.160598 | 3 | 3 | 0 | 17.7 |
| P04 | 10:44:17.160706 | 10:44:17.160900 | 4 | 4 | 0 | 193.7 |
| P05 | 10:44:17.160706 | 10:44:17.160900 | 5 | 5 | 0 | 193.8 |
- Rows × columns
- 12 × 7
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
print_label |
text | 12 distinct values (P01, P02, P03…) | |
venue_clock_et |
text | 4 distinct values | |
tape_clock_et |
text | 6 distinct values | |
participant_rank |
number | 1 to 12 | |
sip_rank |
number | 1 to 12 | |
places_moved |
number | 0 to 6 | |
sip_lag_delta_us |
number | 14.9 to 305.7 |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH
burst AS
(
SELECT intDiv(toUnixTimestamp64Nano(participant_timestamp), 10000000) AS slice_10ms
FROM global_markets.stocks_trades
WHERE ticker = 'AAPL'
AND sip_timestamp >= '2026-06-10 14:30:00'
AND sip_timestamp < '2026-06-10 15:00:00'
AND ifNull(toUnixTimestamp64Nano(trf_timestamp), 0) = 0
GROUP BY slice_10ms
ORDER BY count() DESC, slice_10ms ASC
LIMIT 1
),
sample AS
(
SELECT
participant_timestamp,
sip_timestamp,
toUInt64(sequence_number) AS seq,
toUnixTimestamp64Nano(sip_timestamp)
- toUnixTimestamp64Nano(participant_timestamp) AS lag_ns
FROM global_markets.stocks_trades
WHERE ticker = 'AAPL'
AND sip_timestamp >= '2026-06-10 14:30:00'
AND sip_timestamp < '2026-06-10 15:00:00'
AND ifNull(toUnixTimestamp64Nano(trf_timestamp), 0) = 0
AND intDiv(toUnixTimestamp64Nano(participant_timestamp), 10000000)
IN (SELECT slice_10ms FROM burst)
ORDER BY participant_timestamp ASC, seq ASC
LIMIT 12
),
ranked AS
(
SELECT
participant_timestamp,
sip_timestamp,
lag_ns,
row_number() OVER (ORDER BY participant_timestamp ASC, seq ASC) AS participant_rank,
row_number() OVER (ORDER BY sip_timestamp ASC, seq ASC) AS sip_rank
FROM sample
)
SELECT
concat('P', leftPad(toString(participant_rank), 2, '0')) AS print_label,
concat(formatDateTime(toTimeZone(participant_timestamp, 'America/New_York'), '%H:%i:%S'), '.',
leftPad(toString(intDiv(toUnixTimestamp64Nano(participant_timestamp) % 1000000000, 1000)), 6, '0')) AS venue_clock_et,
concat(formatDateTime(toTimeZone(sip_timestamp, 'America/New_York'), '%H:%i:%S'), '.',
leftPad(toString(intDiv(toUnixTimestamp64Nano(sip_timestamp) % 1000000000, 1000)), 6, '0')) AS tape_clock_et,
participant_rank,
sip_rank,
abs(toInt32(sip_rank) - toInt32(participant_rank)) AS places_moved,
round(lag_ns / 1000, 1) AS sip_lag_delta_us
FROM ranked
ORDER BY places_moved DESC, participant_rank ASC
Run your own version of this
The same 22 years of US equities and 12 years of options data are queryable in SQL or plain English. A free account runs 100 queries a day and takes no card.
More from this analysisMarket Data Timestamps: SIP vs Exchange Clocks
SIP receive lag by venue, AAPL, 10 June 2026 (microseconds)
ranking 11×4
→
Off exchange AAPL prints by reporting delay, 10 June 2026
ranking 5×3
→
Prints that change bar when you switch clocks, by bar length
ranking 4×3
→
Small AAPL print sizes: five sessions in January 2026 against five in July 2026
table 26×3
→
US equity exchanges that feed the consolidated tape
table 18×4
→
Quote update traffic across five household tickers, 10:00 to 11:00 a.m. ET on June 16, 2026
table 5×5
→
See all 2,170 queries →