New Tool Tracks Volatility in 20 Currency Pairs and 5 Aggregates
NEW YORK, Sept. 16, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, today announced the launch of the ITG FX Volatility Index (ITG FXVX), an innovative daily benchmark for Foreign Exchange traders and portfolio managers. The ITG FX Volatility Index forecasts the volatility in the coming trading day based on historical trends and adjusts for implied volatility as well as recent volatility trends across dealers and ECNs on the previous trading day. ITG also upgraded the ITG FX Trading Cost Index (ITG FXCX) to include cost estimates for 5 currency aggregates (Asia Pacific, Big 3, Commonwealth, Emerging Markets and Europe) as well as 20 currency pairs.
"The new ITG FX Volatility Cost Index, together with the enhanced ITG FX Trading Cost Index, enable foreign exchange traders to estimate trading costs and potential price slippage from volatility before placing trades," said Ian Domowitz, ITG Managing Director and Head of Analytics. "Both tools are available via a free web-based mobile app, offering an easily accessible reference tool for anyone seeking insight into FX trading."
For more information about the ITG FX Volatility Index, the ITG FX Trading Cost Index and our full suite of analytics solutions, please contact us at firstname.lastname@example.org or visit www.itg.com/analytics. To view ITG FXVX and ITG FXCX please visit http://liquiditymetrics.itg.com/fx/ using any current smartphone browser or the Chrome or Safari web browsers.
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Investment Technology Group Inc.