FF News Logo
Wednesday, October 01, 2025
ITC Vegas

State Street Announces Partnership with BestX to Provide Innovative Transaction Cost Analysis Offering

State Street Corporation announced FX Connect, its market-leading FX execution venue, will partner with trade technology software provider BestX in order to offer transaction cost analysis (TCA) solutions globally.

 “With a continued emphasis on best execution driven by regulation, market participants are increasingly looking for holistic solutions to be compliant,” said David Newns, head of execution solutions for Global Link, State Street’s suite of e-trading platforms, technology, data and workflow solutions. “We are pleased to be partnering with BestX in order to provide just this with tailored solutions for our clients’ specific needs.

We are delighted to announce the integration of BestX into the FX Connect transaction workflow,” said Oliver Jerome, co-founder of BestX.. “FX Connect and BestX have many mutual clients, our platforms are extremely complementary to one another, and the potential benefits to the buy-side from this partnership are significant. This integration is a key milestone for us in the path to being the industry standard for FXTCA.”

FX Connect works with institutional trading firms that require efficient management of multiple portfolios, best execution and effective operational risk from pre to post-trade.

  1. Owen Morton and the Fintech Behind Daily Payouts: A New Standard for Prop Firms Read more
  2. EXCLUSIVE: “Turning Back the Tide” – Maya Tuyen Reisinger, G+D and Simon Rosenberger, Parley for the Oceans in ‘The Fintech Magazine’ Read more
  3. DailyPay Appoints Accomplished Technology and Product Leader Poulomi Damany As Chief Product Officer Read more
  4. Addepar’s Global Expansion Accelerates with New Switzerland Office Read more
  5. Nuvei Launches First AI Integration Agent to Accelerate Client Onboarding Read more
FTWLondon 2025 - Vertical Marketing Toolkit visual 1080x1920 (1)