Thomson Reuters buys minority stake in BestX

TR clients will be able to access BestX TCA as part of the deal

Pete Eggleston at Morgan Stanley
Pete Eggleston: combination of real-time analytics suite with TR's data set provides extremely powerful offering

Thomson Reuters has acquired a minority stake in independent transaction cost analysis (TCA) provider BestX, giving it access to TR market data while its own clients gain access to the software firm's tools.

The agreement, the terms of which are undisclosed, will see a Thomson Reuters representative appointed to the board of BestX, which was founded by ex-Morgan Stanley bankers Pete Eggleston and Oliver Jerome.

In the wake of the deal, Thomson Reuters will offer connectivity to the service from

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