RBC Capital Markets partners BestX for TCA
The Canadian bank is the latest FX dealer to sign up for the transaction cost analysis service
RBC Capital Markets 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 and JP Morgan, as well as non-bank market-maker Citadel Securities.
As part of the agreement announced on September 21, the TCA provided by BestX will be available to RBC’s clients executing algorithmic FX transactions on a post
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