FX Connect to offer BestX analytics

The platform’s key client base is the core audience for FX TCA

Oliver Jerome and Peter Eggleston
New deal: BestX founders Oliver Jerome (left) and Pete Eggleston add another partnership to the company's bow

State Street-owned FX Connect has signed a partnership with transaction cost analysis provider BestX, adding the London-based firm to its list of third-party TCA providers that clients can access.

FX Connect, which already has a large asset manager client base, offers TCA services provided by ITG and Elkins McSherry, the analytics company acquired by State Street in 2004.

Asset managers are in the crosshairs of best execution requirements under the second Markets in Financial Instruments

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