ITG released its Smart Market Indicator Forecast app, part of its online analytics incubator, which takes into account historical average values and recent volume profiles when building its forecasts.
The tool aims to help traders set a more accurate price and even adjust their trades, according to ITG managing director and head of analytics, Ian Domowitz.
"Traders are always looking for such information; these statistics actually influence trader behavior," Domowitz tells WatersTechnology.
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