Caution needed for vendor-generated FX dealer suggestions

- By Ben St Clair
- 14 Nov 2025

Vendor tools offering counterparty suggestions to foreign exchange traders should not replace a firm’s own execution assessments, warn market participants.

The products, aimed at cash FX trades, can use firm-specific and communal execution data to help buy-side firms standardise and automate counterparty selection. Major transaction cost analysis (TCA) providers BestX and Tradefeedr each offer a version of this service.

Richard Turner, senior FX trader at Insight Investment, cautions that a tool’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com

You are currently unable to print this content. Please contact info@fx-markets.com to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com