FlexTrade announced the integration of the BestX trade analytics solution for FX within its FlexTRADER EMS. With a fully interactive interface, users can use BestX to analyse their FX executions in real-time, delivering transparency to enable better decision making whilst meeting the needs of MiFID II compliance for FX trading.
We are excited to partner with BestX to offer their advanced analytics capabilities to our clients, said Marek Lewandowski, FX Sales Director at FlexTrade UK.
How It Works
Every FX trade made within FlexTRADER can be transferred live to BestX where users can analyse their performance in real-time. Using the BestX cloud-based application, clients can self-sufficiently run the full suite of BestX analytics on a sing le trade or across their entire portfolio.
We are delighted to offer mutual clients connectivity between BestX and FlexTRADER, further automating the user-experience in the pursuit of efficiency and tran sparency for the client, said Oliver Jerome, Co-Founder of BestX. With FlexTrade as a partner we are moving closer towards our goal of being the industry standard for FX TCA.
Compliant with MiFID II
Under MiFID II, firms are required to take all sufficient steps to achieve best execution for their clients in a manner which is provable and transparent, whilst considering a variety of execution factors.
BestX facilitates a transparent solution for these buy-side requirements through a complete range of automated and customisable reporting for compliance departments, regulators, asset owners and counter-party reviews, as well as ad-hoc reporting issued by portfolio/trader/currency/value.
