Thomson Reuters Takes Stake in BestX to Support New TCA Partnership
BestX will use Thomson Reuters' FX data to power its analytics platform.
Thomson Reuters' customers will be able to have their trades sent automatically to BestX for independent post-trade transaction cost analysis, and will benefit from single sign-on desktop integration.
BestX will also adopt Thomson Reuters' foreign exchange market data to power its analytics and calibrate the proprietary models in its BestX FX Analytics platform.
The vendor says the tool can help buy-side institutions meet the obligations of MiFID 2 and the Global FX Code of Conduct to
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