Source: ITG
ITG (NYSE:ITG), a leading execution broker and research provider, today announced the launch of ITG Market Compass, a mobile application based on sophisticated predictive models that indicate market opening direction, model-based forecasts, and ten day results history for key markets.
The application offers forward-looking indicators and a predictive confidence calculation with the ability to drill into market, sector and industry.
“ITG Market Compass is an innovative tool that allows people trading in global markets to make better informed trading decisions,” said Ian Domowitz, Managing Director and Head of Analytics at ITG. “Users can choose from two views: Market Open Direction, to display open direction with a confidence indicator and predicted opening move, or Market Direction History, to compare predicted and actual overnight returns for the past ten trading days and relevant FX movements.”
ITG Market Compass, available on the ITG Analytics Incubator, currently predicts the opening direction for Australian (AUS), New Zealand (NZL), Hong Kong (HKG), Japan (JPN), and Singapore (SGP) markets, with more to be added soon.
The ITG Analytics Incubator houses several liquidity cost and volatility index mobile applications including Smart Cost Estimator for Post-Trade Analysis, ITG Equity Trading Cost Index, ITG FX Trading Cost Index, FX Pre-Trade Prototype, and the Swing Pricing Prototype. All indexes and applications are available to the institutional trading community, free of charge, via a responsive web site to foster transparency in the worlds of equities and FX trading. Apps available on the ITG Analytics Incubator (analyticsincubator.itginc.com) have attracted more than 2800 users to date in 60 countries.