Thought Leadership
We shape market thinking. Our experts monitor the latest industry developments, engage current debates, and offer ongoing analysis so we’re prepared to offer up-to-the-minute guidance. Based on our well regarded understanding of worldwide financial markets, we are able to take an active role in the conversations that inform market regulations and are positioned to advocate for our clients’ interests.
Although some may try to derive a market’s efficiency through an examination of spreads, they are only one factor among many. Nick Thadaney observes that spreads have narrowed, but the impact on costs has increased greatly.
Asian markets are looking increasingly like markets in North America and Europe. Recent years have seen increased use of algos, dark pools, and dark pool aggregation.
As we enter the New Year—with hopes of better volumes and a bounce for our industry—Jamie Selway provides his annual list of market structure predictions and marks the book on 2011’s blotter.
The opening auction can provide appealing price and liquidity opportunities. However the auction mechanics can be vague and complex. In this paper, experts from ITG provide a consolidated and detailed explanation of the auction mechanics.
High-touch traders actively move orders in and out of the market over time. Slicing “parent” orders into “child” orders, though, makes it difficult to deduce the underlying trading strategy of the parent order and evaluate its performance. In this paper, experts discuss ITG’s prism methodology, which identifies a client’s most distinct trading strategies.
