BestX launches reporting module, partners NAB

The Australian bank is the latest FX dealer to sign up for the transaction cost analysis service

Paper chase: “Many of our clients are wrestling with implementing a complex – and in part vague – set of regulations with limited resources and time” – Pete Eggleston

National Australia Bank is the latest bank to partner transaction cost analysis (TCA) provider BestX to give its buy-side clients third-party analytics services alongside its existing offering.

BestX has signed several deals this year with banks such as BNP Paribas, HSBC, JP Morgan and RBC Capital Markets, as well as non-bank market-maker Citadel Securities.

BestX also announced on October 30 that it has expanded its suite of best execution analytics by launching a regulatory reporting module

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