NEW YORK, July 15, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, today announced the launch of the ITG FX Trading Cost Index Application, an innovative new tool for Foreign Exchange traders and portfolio managers. Updated daily, the ITG FX Trading Cost Index estimates the average cost of liquidity for 20 common currency pairs, taking into consideration the intended time of trade and notional trade value. The index also provides dealer and ECN calculations based on historical costs, adjusted for recent trends in cost levels and implied volatility.
"The ITG FX Trading Cost Index Application is the first of its kind in the foreign exchange space, leveraging the power of ITG's industry-leading FX transaction cost database," said Ian Domowitz, ITG Managing Director and Head of Analytics. "The app is a free and easily accessible reference tool for investors who want to quickly check estimated FX trading costs."
The launch of the ITG FX Trading Cost Index application follows the rollout earlier this year of the ITG Equity Trading Cost Index, which provides equity transaction costs across multiple regions and nearly 100 categories.
For more information about the ITG FX Trading Cost Index and our full suite of analytics solutions, please contact us at email@example.com or visit www.itg.com/analytics. To use the FX Trading Cost Index please visit http://liquiditymetrics.itg.com/fx/ using any current smartphone browser or the Chrome or Safari web browsers.
CONTACT: ITG Media/Investor Contact: J.T. Farley +1 (212) 444-6259 firstname.lastname@example.org
Source:Investment Technology Group Inc.