BestX launches post-trade TCA for equities

BestX, State Street’s foreign exchange and fixed income best execution analytics platform, has expanded its execution analytics software and launched a post-trade transaction cost analysis (TCA) module for equity markets.

Covering global stock markets, the new functionality provides clients with benefits of the unique BestX web interface alongside flexible data analysis, report configuration and generation.

“We responded to our clients’ needs by expanding BestX to provide a full multi-asset class offering,” says Pete Eggleston, BestX Co-Founder. “Whilst launching fixed income at the end of 2018, it quickly became clear that clients wanted one application to analyse all of their trading. The desire to consolidate data and vendors is a trend that we anticipate will accelerate over the next few years and we needed to ensure we were positioned appropriately for this.”