State Street’s Bond: BestX audit will guarantee independence

TCA provider BestX will retain independence and be subject to annual audits focused on data

martine bond
State Street’s Martine Bond: “BestX will benefit from and maintain the same information barriers, Chinese walls and infrastructure segregation that are already in place to support the entire GlobalLink suite of products”

Third-party foreign exchange transaction cost analysis (TCA) provider BestX will be subject to an annual external audit that focuses on the independence and segregation of client data, with the first round of checks to be conducted in the fourth quarter of this year, the firm’s new owner, State Street, tells FX Week.

The reassurance comes after clients and partners of the technology firm raised questions about measures taken to guarantee BestX’s independence and data security, following the

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