ITG reveals volume forecasting tool
ITG has launched its Volume Participation Forecaster App, a decision-support tool designed to help traders anticipate likely market volumes. Available free on the ITG Analytics Incubator, the application uses information from ITG’s data library to pinpoint market conditions along with historical averages.

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.

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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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 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 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.