RBC partners with State Street’s BestX to launch FX TCA service

The service uses BestX technology to provide RBC Investor & Treasury Services clients with FX TCA reporting to assess the execution quality of their currency overlay services transactions.

RBC Investor & Treasury Services (RBC I&TS) has partnered with State Street’s analytics software vendor BestX to launch an FX transaction cost analysis (TCA) service.
The new TCA tool will be rolled out for clients using currency overlay services (COS) at RBC I&TS with FX TCA reporting to manage and assess execution performance of COS transactions.