JP Morgan signs with BestX to offer third-party TCA
The bank's clients will be able to access BestX post-trade transaction cost analysis in real time at no extra cost
JP Morgan has entered into an agreement to integrate a third-party transaction cost analysis (TCA) tool into its electronic trading offering, after signing a deal with technology start-up BestX to offer independent validation of best execution, the bank said today (January 17).
The move will enable the bank's clients to access independent post-analytics tools for achieving and demonstrating best execution for electronic and algorithmic trades.
JP Morgan said it decided to take this step as it
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