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.
First announced back in July, 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.”
To view ITG FXVX and ITG FXCX, click here.