The freely available tools by ITG FX Volatility Cost Index and the upgraded ITG FX Trading Cost Index, open the scope for foreign exchange traders to estimate their trading costs and potential price slippage.
One of the leading leading execution and research brokers, the Investment Technology Group (ITG) (NYSE:ITG), announced the launch of an additional tool to compliment its ITG FX Trading Cost Index. The ITG FX Volatility Index (ITG FXVX) represents a daily benchmark forecasting FX volatility in the coming trading day by analyzing historical data and adjusting for implied volatility and recent FX volatility trends across deals and ECNs on the previous trading day.
In addition the company has introduced a new set of FX aggregates to its existing ITG FX Trading Cost Index (ITG FXCX). There are now 5 currency aggregates - Asia Pacific, Big 3, Commonwealth, Emerging Markets and Europe with an increased number of 20 currency pairs.
The company’s Managing Director Ian Domowitz said that "The new ITG FX Volatility Cost Index, together with the enhanced ITG FX Trading Cost Index, enable foreign exchange traders to estimate trading costs and potential price slippage from volatility before placing trades.”
He added that "Both tools are available via a free web-based mobile app, offering an easily accessible reference tool for anyone seeking insight into FX trading.”
ITG started its effort with the intent to bring transparency into the FX market. Institutional investors and corporations which are dealing FX in large size have gotten the opportunity to gain access to some very useful data.
ITG FXCX brings to the table an attempt to provide the cost of Liquidity across multiple currency pairs for various deal sizes and times of day. For reasons related to being technologically able to calculate an index up to $75 million is enough for the first attempt to display to the industry a cost of liquidity from a variety of sources - both from ECNs and dealers.
The index is an estimate of the average cost of liquidity for predefined deal sizes and designated points in time. It comes from a calculation of actionable quotes (not indicative) and gathers data from a combination of 12 dealers and 5 ECNs according to information obtained by Forex Magnates.
The dealer community includes 6 of the largest banks that account for roughly 36% of FX market flows. ITX is also using a feed from an interbank broker-dealer and captures about 40% of the total ECN volumes in terms of the quotation screen.
Based on that information one can construct the analog of a limit order book for the FX market. The deal sizes at the top of the book are usually pretty small, but this can be constructed down to 12 to 17 price levels, which enables the construction of cost of liquidity for the various deal sizes.
With the addition of the ITG FXVX the information can be very useful to both traders and brokers - essentially to the whole FX market industry. Just recently we have seen record volumes in the first part of September and share prices of publicly listed brokers have started to recover after a dismal first half of 2014 which lead to weak quarterly earnings reports for major US listed companies FXCM and GAIN Capital.
One of the leading leading execution and research brokers, the Investment Technology Group (ITG) (NYSE:ITG), announced the launch of an additional tool to compliment its ITG FX Trading Cost Index. The ITG FX Volatility Index (ITG FXVX) represents a daily benchmark forecasting FX volatility in the coming trading day by analyzing historical data and adjusting for implied volatility and recent FX volatility trends across deals and ECNs on the previous trading day.
In addition the company has introduced a new set of FX aggregates to its existing ITG FX Trading Cost Index (ITG FXCX). There are now 5 currency aggregates - Asia Pacific, Big 3, Commonwealth, Emerging Markets and Europe with an increased number of 20 currency pairs.
The company’s Managing Director Ian Domowitz said that "The new ITG FX Volatility Cost Index, together with the enhanced ITG FX Trading Cost Index, enable foreign exchange traders to estimate trading costs and potential price slippage from volatility before placing trades.”
He added that "Both tools are available via a free web-based mobile app, offering an easily accessible reference tool for anyone seeking insight into FX trading.”
ITG started its effort with the intent to bring transparency into the FX market. Institutional investors and corporations which are dealing FX in large size have gotten the opportunity to gain access to some very useful data.
ITG FXCX brings to the table an attempt to provide the cost of Liquidity across multiple currency pairs for various deal sizes and times of day. For reasons related to being technologically able to calculate an index up to $75 million is enough for the first attempt to display to the industry a cost of liquidity from a variety of sources - both from ECNs and dealers.
The index is an estimate of the average cost of liquidity for predefined deal sizes and designated points in time. It comes from a calculation of actionable quotes (not indicative) and gathers data from a combination of 12 dealers and 5 ECNs according to information obtained by Forex Magnates.
The dealer community includes 6 of the largest banks that account for roughly 36% of FX market flows. ITX is also using a feed from an interbank broker-dealer and captures about 40% of the total ECN volumes in terms of the quotation screen.
Based on that information one can construct the analog of a limit order book for the FX market. The deal sizes at the top of the book are usually pretty small, but this can be constructed down to 12 to 17 price levels, which enables the construction of cost of liquidity for the various deal sizes.
With the addition of the ITG FXVX the information can be very useful to both traders and brokers - essentially to the whole FX market industry. Just recently we have seen record volumes in the first part of September and share prices of publicly listed brokers have started to recover after a dismal first half of 2014 which lead to weak quarterly earnings reports for major US listed companies FXCM and GAIN Capital.
Devexperts Checks Off Type 2 SOC 2 Audit for Enhanced Data Security
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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