Im looking for some advice/suggestions on how I should setup the work flow of a small application Im building. When the application is launched the datagrid will be populated via the XML file. Once running the application will receive a datastream that I hope to update the file and datagrid.

So Im curious what you would suggest on how I setup the workflow (ie, split the data from the data stream and simultaneously populate the file and grid or would you suggest populating the XML file first and setting up a timer to have the grid read the file?) Im really looking for optimal performance.