BNP Paribas partners BestX

The French bank is the latest FX dealer to sign up to the firm's TCA services

Pete Eggleston at Morgan Stanley
Peter Eggleston: “The vision for BestX is to provide the industry... with a standard set of rigorous, consistent analytics"

BNP Paribas is the latest bank to partner transaction cost analysis (TCA) provider BestX to allow clients to access independent analytics to verify the quality of execution.

BestX, which aims to become the industry standard for TCA and analytics, has already signed a number of significant deals this year with banks such as HSBC and JP Morgan, as well as non-bank market-maker Citadel Securities.

Initially, the partnership will focus on providing post-trade TCA on algorithmic FX transactions. I

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