ITG (NYSE:ITG), an independent execution broker and financial technology provider, has launched a new application for traders, called ITG Smart Market Indicator Forecast App, which helps market participants better anticipate market volumes, spreads, and volatility across multiple financial instruments, according to a company statement.
The Smart Market Indicator Forecast App relies on multiple time horizons and was designed to predict future market conditions. In the past two years, the financial services industry has been convulsed twice due to rampant volumes wrought by the Swiss National Bank (SNB) crisis and the Brexit referendum last month – the availability of such forecasting techniques is instrumental in helping traders be better prepared for unforeseen volatility across markets.
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The app utilizes both historical average values and recently observed volume profiles, which also helps traders implement trade scheduling and algorithm price limits for their respective trades. The ITG Smart Market Indicator App will be offered on the ITG’s Analytics Incubator.
According to Ian Domowitz, Managing Director and Head of Analytics at ITG, in a recent statement on the launch: “The ITG Smart Market Indicator helps traders make better informed decisions regarding the difficulty of trading on a given day, including the size of an order that can realistically be completed and the relative difficulty of trading the individual names in a portfolio.”
ITG made headlines earlier this month when it reported its latest batch of volumes for June 2016. Its latest US trading volumes were characterized by a surge in figures relative to May despite having incurred consecutive monthly losses since March. During June 2016, ITG disclosed its total volumes at 3.1 billion shares, notching a strong growth against just 2.6 billion in May 2016 or 19.2% MoM.