Traders are now going to have access to more trade data in a single database that can help improve their executions.
Agency-only broker and technology firm ITG is now offering ITG Peer Analytics, a database backed by trade data from the firms clients and others, giving buyside traders a glimpse into how the market is behaving. The database, the largest of its kind according to ITG, encapsulates 20 percent of all global institutional trading volume.
ITG Peer Analytics includes raw execution-level trading data to detailed performance reporting and in-depth consulting engagements. ITG Peer Analytics allows traders to compare their costs to anonymous data from 200 of the largest global asset managers, view rankings, reports and best practices specific to their peer set, and tap the knowledge of its expert consultants for hands-on recommendations to improve performance.
ITG Peer Analytics enables institutional traders and portfolio managers to uncover hidden opportunities for process improvements,” said Ian Domowitz, ITG Managing director and head of analytics. The insights from ITG Peer Analytics can be used to track and improve investment performance as well as inform decision-making in key areas such as investment and trading policy, algorithm and broker selection and performance reviews.
The thinking behind the database is that by making trade data transparent, asset managers can make more informed decisions and maximize alpha in the current modest trading volume/commission environment. ITG estimates that, as a group, U.S. institutional investors suffer trading impact costs of more than $15 million every trading day.
