ITG Launches Execution Analysis Tool for Algo Users

The tool focuses on usage, venue and broker reporting, which helps streamline post-trade functionality.

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has launched Execution Analysis, a web-based analytics utility for algorithm (algo) usage, according to an ITG statement.

More specifically, ITG Execution Analysis affords users a number of functions such as spread capture, broker and venue reporting, peer-to-peer performance (P2P) analysis, and P&L distribution options. The tool also focuses on algo usage, spread capture, as well as venue and broker reporting. ITG’s Execution Analysis is important for users as it helps fill-level data and broker-neutral algo usage, while streamlining post-trade functionality.

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According to Ian Domowitz, Managing Director and Head of Analytics at ITG, in a recent statement on the launch: “ITG Execution Analysis is an important addition to our suite of analytics tools. It’s designed to allow users to perform in-depth analysis of their post-trade, fill-level data with ease. Users can seamlessly jump from broker to venue to algorithm analyses, among others, with just the click of a mouse.”

ITG (NYSE:ITG) recently made headlines after it reported its trading metrics for the month ending January 2016. For the month, the group saw total trading volumes of 3 billion shares and average daily volume (ADV) of 159 million shares. Moreover, ITG also secured an increase MoM across its volumes, from a total monthly volume of 2.8 billion shares and ADV of 129 million shares in December 2015.

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