ITG Launches New Forecasting App, Utilizing Data, Volumes Analysis

ITG's new forecasting tool will be available for market participants to better predict the trajectory of volatility.

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has implemented its Volume Participation Forecaster App, which acts as a new online resource for market volumes, enabling crisper forecasting methods for market participants, per an ITG statement.

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The Volume Participation Forecaster App will reinforce ITG’s existing product suite, helping streamline single-day trading queries every fifteen minutes of a given trading day. The module is important for market participants who are trying to decipher past trends to forecast a number of different scenarios, actions, and overall movements across markets.

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The application itself utilizes information from ITG’s data library to pinpoint market conditions along with historical average values to ultimately forecast how likely or under what timeframe conditions are likely to repeat themselves or return to median values.

Given the recent uptick in volatility in September and the likelihood of additional bouts of trading uncertainty heading into Q4, such devices will be instrumental in predicting the trajectory of markets. The Volume Participation Forecaster App is available free of charge on the ITG Analytics Incubator, in conjunction with several other products offered by the group.

According to Ian Domowitz, Head of Analytics at ITG, in a recent statement on the launch of the app: “The Volume Participation Forecaster App gives users the ability to anticipate likely market volumes, demonstrating the power of next generation decision-support tools.”

ITG made headlines earlier this week when it secured the services of two industry veterans, adding Ruben Costa-Santos as its Director and Head of FX and Andre Nogueira as a Director of the Analytics Team.

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