ITG, a trade execution and research broker for several asset classes, has launched a new FX Trading Cost Index app which helps provide liquidity costs of 20 currency pairs for traders and portfolio managers, according to an ITG statement.
ITG has been at the forefront of FX technology in 2014 – earlier this year unveiling a mobile trading app for clients that also helped quantify liquidity costs. However, the inception of the new app now details the average liquidity cost for 20 of the most common currency pairs.
Digitex Futures Partners with ChainlinkGo to article >>
According to Ian Domowitz, ITG Managing Director and Head of Analytics, in a recent statement on the launch, “The ITG FX Trading Cost Index Application is the first of its kind in the foreign exchange space, leveraging the power of ITG’s industry-leading FX transaction cost database. The app is a free and easily accessible reference tool for investors who want to quickly check estimated FX trading costs.”
The FX Trading Cost Index app is updated daily and is designed to provide dealers and ECN calculations and analytics from a pool of data – its fundamental purpose is to give FX traders and portfolio managers a more streamlined perspective of the shifting costs of liquidity and volatility.