New Jefferies System Will Measure Market Impact

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Jefferies & Co.'s Investment Technology Group (ITG) is set to announce the addition of a market impact measurement facility to its Quantitative Execution (Quantex) system. The facility will allow customers to track how efficiently they or their broker are trading a given instrument or basket.

As part of the new addition, ITG will also provide Quantex users with tick-by-tick historical equities data. Quantex allows ITG clients to construct trading strategies and then trade via any of ITG's ut