BestX Goes Live with Pre-Trade Analytics Module

BestX Ltd. has strengthened its core product suite with the launch of its Pre-Trade execution analysis functionality. The new development strengthens the group’s end-to-end offering, supporting improved pre-trade analysis and netting capabilities, among other benefits.

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The rollout comes less than eight months after the launch of its post-trade analysis solution. Founded in March 2016, the trading technology provider focuses on execution management with its products. The group caters to clients via comprehensive Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term solutions to help them navigate an increasingly complex and challenging environment, especially with regard to the execution process.

The trading community faces no shortage of challenges, ranging from fragmented Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and high variance across execution products to shifting regulations. Amidst these challenges, BestX has opted to streamline trading costs prior to execution – the focus is one of the twin pillars of its product suite, together with its post-trade functionality.

The Pre-Trade software package provides a multitude of tools for clients, none more important than cost-analysis prior to execution. This permits the use of what-if analysis, optimizing a trade in terms of timing, size, and its ultimate method of execution. Moreover, a more robust netting analysis framework for currency pairs is supported under the new product, enabling quantifiable opportunity cost analysis vs. spread costs across multiple trading periods.

Furthermore, the Pre-Trade interface lets clients tap into previous transactions, providing a summary of attributes and the empirical performance of similar transactions, all linked with BestX’s Post-Trade application. Subsequently, all pre-trade analysis conducted can be saved for future use, as well as exported as a report in full compliance with upcoming regulations, including MiFID II.

Pete Eggleston, co-founder of BestX, commented exclusively to Finance Magnates: "We are very excited with the launch of our pre-trade module, which is another key component of our suite of execution analytics. Linking the pre and post-trade components together provides users with the ability to manage the execution lifecycle of the trade, a core element of delivering best execution."