State Street to Launch Post-trade Transaction Cost Analysis for Equities

State Street has confirmed the launch of post-trade transaction cost analysis (TCA) for equities through its analytics software vendor BestX. BestX will now provide a post-trade TCA module for global equity markets, which will be accessible via its web interface and include data analysis, report configuration, and generation capabilities. State Street acquired the TCA specialist in 2018, when the analytics provider was focused on providing its platform to foreign exchange market participants. BestX has since expanded its analytics to fixed income trading due to increased demand from clients for a multi-asset TCA platform.