BestX / A State Street company
We provide a totally open-architecture analytics service, agnostic of execution provider or venue, enabling clients to define, achieve & demonstrate Best Execution
BestX® is a Technology Company, with a simple fee based model, creating state of the art software to provide real-time, interactive analytics.
We provide our clients with a level playing field to enable them to assess and compare the quality of their FX and Fixed Income execution. BestX provides a totally open-architecture analytics service operating autonomously from any liquidity provider or execution venue.
We are the Industry Standard for FX TCA, having been adopted by more than 90 of the world's largest Asset Managers, Hedge Funds, Sovereign Wealth Funds and Banks.
BestX® Best Execution Pre-Trade Analytics
The BestX Pre-Trade software provides clients with the ability to analyse the costs of trading prior to execution. What-if analysis for a given trade is permitted using the proprietary BestX cost models, allowing a trade to be optimised in terms of timing, size of trade or method of execution. Netting analysis for a given currency pair is supported, allowing users to quantify the potential benefits of waiting to net or not by weighing up the opportunity cost vs spread cost for different periods of the trading day.
The BestX Post-Trade software provides a unique interface allowing market participants to analyse the costs and execution performance of their FX and Fixed Income transactions. FX product coverage includes Spot, Forward, Swaps & NDFs, and for Fixed Income we cover Sovereign and Corporate Bonds together with a wide array of Futures products. Our technology improves our Clients' execution process, resulting in a quantifiable cost savings, through utilization of the most rigorous and granular post-trade software analytics available in the market. We enable clients to conduct independent analysis and to implement a flexible, rigorous, justifiable and repeatable execution process in accordance with market and regulatory evolution.
More from BestX
Regulations impacting the FX market are evolving constantly - stay up to date with the latest developments here.
Thought leadership from BestX on Regulation, Market Structure, Best Execution and Innovation in the FX market.
BestX is in the news - a selection of media reports on our progress, collaborations, partnerships and milestones.
We are proud to collaborate with
BestX is pleased to collaborate with our partners - these relationships allow constant and ferocious innovation, which simply makes the product more useful for our Clients.
"BestX really listen and engage. They really do their best to find the right solution for the client... there aren’t many vendors out there that give the support and help like BestX does."
"The service that we receive from you and the team surpasses everything else we experience."
"Just wanted to say that support we are getting from BestX is great. The team are responding to all the queries very quickly, and quality of responses is also very good."
"As a new client of BestX, I have been very impressed with the quality of BestX’s TCA offering and its product support. The onboarding process was quick and seamless and the turnaround times for custom development requests have been lightning fast. BestX's use of modern technology allows it to offer a web-based interface that I have found to be analytically powerful, but quick and easy to use. Using BestX has simplified our post-trade analysis process, which has helped me become more efficient in my role and I would highly recommend BestX to other FX market participants that want to use the best FX TCA offering on the market."