ITG releases app to forecast market conditions
ITG has released its Smart Market Indicator Forecast app, designed to predict future market conditions. The new application, which helps traders refine their strategies by predicting market volumes, spreads and volatility, will be offered on ITG’s Analytics Incubator.

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has launched a new application for traders, called ITG Smart Market Indicator Forecast App, which helps market participants better anticipate market volumes, spreads, and volatility across multiple financial instruments, according to a company statement.

The Smart Market Indicator Forecast App relies on multiple time horizons and was designed to predict future market conditions. In the past two years, the financial services industry has been convulsed twice due to rampant volumes wrought by the Swiss National Bank (SNB) crisis and the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum last month – the availability of such forecasting techniques is instrumental in helping traders be better prepared for unforeseen volatility across markets.

The app utilizes both historical average values and recently observed volume profiles, which also helps traders implement trade scheduling and algorithm price limits for their respective trades. The ITG Smart Market Indicator App will be offered on the ITG’s 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.

Ian Domowitz

According to Ian Domowitz, Managing Director and Head of Analytics at ITG, in a recent statement on the launch: “The ITG Smart Market Indicator helps traders make better informed decisions regarding the difficulty of trading on a given day, including the size of an order that can realistically be completed and the relative difficulty of trading the individual names in a portfolio.”

ITG made headlines earlier this month when it reported its latest batch of volumes for June 2016. Its latest US trading volumes were characterized by a surge in figures relative to May despite having incurred consecutive monthly losses since March. During June 2016, ITG disclosed its total volumes at 3.1 billion shares, notching a strong growth against just 2.6 billion in May 2016 or 19.2% MoM.