Market Research Report on BestX Ltd.

Company Overview

Name: BestX Ltd.

Mission: BestX is committed to providing technology solutions that enable clients to define, achieve, and record their process of best execution. They deliver open-architecture analytics agnostic of liquidity provider or execution venue.

Founded: BestX was incorporated on January 26, 2016, in the United Kingdom.

Founders: No information is available.

Key People:

• Lindsey Boyle - Head of Contracts and Documentation

• Boyan Chalakov - Sales and Product

• Christopher Jarman - Head of Fixed Income

• Raj Khokher - Co-CTO

• Yangling Li - Quant and Analytics

• Yusuf Nurbhai - Head of Product Delivery and COO

• Jim Cochrane - Head of North America Sales

Headquarters: 20 Churchill Place, London E14 5HJ, United Kingdom.

Employees: No information is available.

Revenue: No information is available.

Recognition: Known as the industry standard for Transaction Cost Analysis (TCA) and Best Execution Analytics, recognized by more than 150 clients.

Acquisition: Acquired by State Street in September 2018.

Products

FX

• Description: Industry-leading real-time analytics across Pre-Trade and Post-Trade using terabytes of data every day.

• Key Features:

• Real-time interactive analytics

• Unique quantitative analytics & models

Fixed Income

• Description: Provides best execution analytics for OTC and exchange-traded fixed income markets with broad market data coverage.

• Key Features:

• Analytics for Sovereigns (G10 & EM), Corporate Bonds, and Futures

• Enriched client data with reference data for detailed analysis

• Integrated with major OMS platforms for standard data formatting

Equities

• Description: Custom-built analytics specifically designed for the needs of equities markets.

• Key Features:

• Wide-ranging coverage

• Unique analytical models

Crypto

• Description: Industry-first Crypto TCA offering that provides a comprehensive interface to analyze costs and execution performance.

• Key Features:

• Provides metrics on spread, impact costs, and revaluation costs

• Utilizes Lukka Reference Data for comprehensive market coverage

Commodities and Futures

• Description: Offers fully multi-asset analytics across commodities and futures.

• Key Features: Bespoke analytics packages for various asset classes

Recent Developments

• New Products and Features: No recent product launches or new features in the data provided.

• Partnerships:

• June 3, 2021: RBC partnered with State Street’s BestX to launch an FX TCA service for their clients, expanding BestX's client engagement in FX markets.

• Industry Recognition:

• BestX RFQ Par introduced a new method to evaluate Hit Ratios, enhancing analytics interpretation.

Note

This report is compiled using publicly available information from BestX. "No information is available" is stated where data could not be found from the sources provided.