Source: ITG
ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced the launch of ITG Smart Market Indicator Forecast App, an application that helps traders anticipate market volumes, spreads and volatility.
The Smart Market Indicator Forecast app generates intraday forecast deviations of future market conditions based on both historical average values and recently observed volume profiles, enabling traders to improve trade scheduling and set more accurate algorithm price limits.
“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,” said Ian Domowitz, Managing Director and Head of Analytics at ITG.