ITG, a trading execution and multi-asset class research broker has announced the launch of Liquidity Metrics, its first generation mobile application, along with the inception of its ITG Trading Cost Index, according to an ITG company statement. The US-based broker has specialized in virtually every asset class, including derivatives, forex and equities trading. Having recently embarked on a variety of high-frequency trading (HFT) enterprises and forex initiatives, the company has now opted to unveil its first mobile trading app, fostering improved interconnectivity for users between regions and sectors.
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According to Ian Domowitz, ITG Managing Director and Head of Analytics in a statement on the launch of the mobile app, “Liquidity Metrics is a powerful, easy-to-use application providing high-level data on a next-day or historical basis. The availability via both a web and mobile application makes ITG’s Trading Cost Index a valuable tool for institutional investors who want to quickly check trading costs across sectors or regions.” The Trading Cost Index helps provide daily transaction figures globally and across a variety of asset classes and categories for traders and portfolio managers – ITG has engineered the tool to help culture a more transparent and in-depth view on trading costs over select timeframes to give users the most comprehensive look into pricing history. ITG’s Trading Cost Index follows the archetype of ITG Peer Database, which is comprised of a global composite of buy-side institutions, encapsulating nearly 20% of global institutional trading volume.