State Street to buy BestX
TCA provider set to become wholly owned subsidiary of State Street; financials undisclosed
US custodian State Street, owner of FX trading venues Currenex and FX Connect, is set to buy third-party transaction cost analysis provider BestX for an undisclosed amount, FX Week can reveal.
“I’m delighted to announce that following our partnership with BestX in February and the overwhelmingly positive reaction from clients since, we have decided to acquire BestX,” says Martine Bond, an executive vice-president responsible for trading and clearing within State Street Global Markets.
The deal
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