ITG launches transaction cost analysis tools for Forex

Leading technology provider ITG, announced the launch of a comprehensive transaction cost analysis product for the institutional foreign exchange market.

ITG TCA for FX leverages the richest data set available in the TCA market, with data from ten providers including some of the largest FX market makers, ECNs and banks. ITG TCA for FX measures transactions against tick-level traded rates, indicative rates, fixing rates and the forward rate curve.

"Foreign exchange is the largest and most liquid securities trading market, but it is also among the least transparent and most challenging to trade in," said Ian Domowitz, Head of ITG Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. "ITG TCA for FX combines the power of ITG's industry-leading equities TCA platform with an unmatched set of FX transaction data in order to measure performance, improve execution processes and quality and fulfill compliance requirements."

ITG TCA for FX enables buyside traders and investment professionals to better understand the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term landscape and manage volatility, which can help reduce overall trading costs and improve foreign exchange strategy. This new product complements ITG TCA for equities, which is the most widely used TCA offering among asset managers globally, according to Greenwich Associates. ITG TCA assesses trading performance and implicit costs under a variety of market conditions, enabling traders and portfolio managers to adjust strategies, reduce costs, boost performance and potentially improve fund rankings.