Execution and research broker ITG has launched its first cost index to help portfolio managers and traders understand trading costs on a daily basis.
ITG Trading Cost index provides daily transaction cost numbers across multiple regions and nearly 100 categories. ITG has also launched its first mobile application, Liquidity Metrics, which provides historical data over a five-year period, including average commission and price impact history.
“The availability via both a web and mobile application makes ITG’s Trading Cost Index a valuable tool for institutional investors who want to quickly check trading costs across sectors or regions,” Ian Domowitz, ITG managing director and head of analytics, said.
The ITG Trading Cost Index is based on the proprietary ITG Peer Database, comprised of historical institutional trading activity from more than 175 of the largest global buy-side institutions and covering approximately 20% of global institutional trading volume.
The peer database powers ITG TCA and the ITG Peer Analysis suite of products, an activity-based ranking system that groups and compares orders with similar characteristics and market conditions to provide performance ranking for clients.