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The three-state agent-based 2D model of financial markets in the versionproposed by Giulia Iori in 2002 has been herein extended. We have introducedthe increase of herding behaviour by modelling the altering trust of an agentin his nearest neighbours. The trust increases if the neighbour has foreseenthe price change correctly and the trust decreases in the opposite case. Ourversion only slightly increases the number of parameters present in the Iorimodel. This version well reproduces the main stylized facts observed onfinancial markets. That is, it reproduces log-returns clustering, fat-taillog-returns distribution and power-law decay in time of the volatilityautocorrelation function.

Trust in foreseeing neighbours - a novel threshold model of financial market