ITG Launches Execution Analysis Tool for Algo Users

ITG (NYSE:ITG), an independent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term broker and financial technology provider, has launched Execution Analysis, a web-based 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 forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy 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 forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term utility for algorithm (algo) usage, according to an ITG statement.

More specifically, ITG Execution Analysis affords users a number of functions such as spread capture, broker and venue reporting, peer-to-peer performance (P2P) analysis, and P&L distribution options. The tool also focuses on algo usage, spread capture, as well as venue and broker reporting. ITG's Execution Analysis is important for users as it helps fill-level data and broker-neutral algo usage, while streamlining post-trade functionality.

According to Ian Domowitz, Managing Director and Head of Analytics at ITG, in a recent statement on the launch: "ITG Execution Analysis is an important addition to our suite of analytics tools. It’s designed to allow users to perform in-depth analysis of their post-trade, fill-level data with ease. Users can seamlessly jump from broker to venue to algorithm analyses, among others, with just the click of a mouse."

ITG (NYSE:ITG) recently made headlines after it reported its trading metrics for the month ending January 2016. For the month, the group saw total trading volumes of 3 billion shares and average daily volume (ADV) of 159 million shares. Moreover, ITG also secured an increase MoM across its volumes, from a total monthly volume of 2.8 billion shares and ADV of 129 million shares in December 2015.