BestX
FX algo users change tack to navigate market doldrums
BestX data finds traders ditching TWAP in favour of more opportunistic execution styles
Analyse this: why the buy side is hungry for FX trade data
TCA data from vendors is just the start as buy-side firms enlist quants to analyse execution
What’s the right price limit for an algo?
BestX assesses the different impacts a price limit can have on FX algo performance
New buy-side tools seek to break grip of bank FX algos
Proprietary algorithms come of age to provide alternatives for the buy side
How long should TWAP algos run?
BestX says modelling typical durations by notional per pair could be used to create a new algo benchmark
Price limits in FX algos: fill your boots
Do limits affect performance? Double machine learning helps answer the question, says BestX quant
Choppy markets revive quest for RFQ’s ‘magic number’
Deutsche argues for smaller, stronger panels; Citi offers better prices for 'full amount' trades
Volatile FX markets reveal pitfalls of RFQ
Clients urged to mask trading intent; critics warn of subtle sell-side advantages
In choppy FX markets, algos buck expectations
Goldman, Nomura and others report increased volumes, although some clients revert to principal quotes
Algos: choosing the right horse for the right course
Liquidity and volatility regimes play big role in performance, BestX quants show
FX Connect platform gets a significant upgrade
State Street's revamps for interface and order tools lead in 2019 product overhaul
Refinitiv’s FXall TCA tool goes live
New features will be added to analysis tool at regular intervals in 2019
2018: mergers, name changes and having one’s day in court
Mergers and acquisitions were popular reads on FX Week in 2018, along with coverage of US FX-related court cases
State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
BestX clients seek independence reassurance
Clients and LPs want clarity around the deal between State Street and BestX to gain confidence about the provider’s continued independence
State Street to buy BestX
The TCA provider is set to become a wholly owned subsidiary of State Street; financials undisclosed
Societe Generale adds BestX to TCA suite
The independent transaction cost analysis tool will complement the bank’s own TCA product for algo-executed trades
Market participants call for more TCA disclosures
The cost of TCA is negotiable, but the billing method should be disclosed, says one market participant
FX Connect to offer BestX analytics
The platform’s key client base is the core audience for FX TCA
BestX: FX Code may bifurcate liquidity in 2018
This could lead to venues having to manage multiple liquidity streams
BestX launches reporting module, partners NAB
The Australian bank is the latest FX dealer to sign up for the transaction cost analysis service