Societe Generale turns to BestX for clients to measure best execution
Societe Generale Corporate & Investment Banking (SG CIB) today announced a partnership with the fintech company BestX, independent transaction cost analysis (TCA) provider for algo-FX spot execution.
SG CIB has developed its own FX algorithmic execution tools, allowing clients to trade directly in the market in a controlled way. The partnership with BestX enables clients to assess the costs and execution performance of their FX transactions through an analytical framework. In addition, clients can benefit from access to a unique set of analytics, which will measure many aspects of execution performance, including spread & impact costs and signalling risk.