Jerome & Eggleston Launch Technology Startup

Two former Morgan Stanley managing directors are launching a new analytics and transaction cost analysis (TCA) venture to provide firms with an independent software solution they can use to compare the quality of execution on foreign exchange trades.

Oliver Jerome, who was head of FX and emerging markets (EM) for Europe, and Pete Eggleston, former head of the quantitative solutions and innovations unit at Morgan Stanley, have set up BestX, a software company providing independent trade