State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
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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