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Tick Data and Timestamps

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I want to use some tick-data for some research. However, the data that I have has two timestamps for each record. It looks something like the following:

 

trade_report, 08:03:08.171, 08:03:08.090, ...

quote_update, 08:03:08.611, 08:03:08.624, ...

quote_update, 08:03:08.711, 08:03:08.723, ...

 

Does anybody have any idea of why there are "two" timestamps? They are only few milliseconds apart, but I can only guess what each one is.

 

I would appreciate the help.

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