London-based FX analytics specialist BestX on Monday announced the appointment of Jim Cochrane as head of North America sales, with a focus on expanding the adoption of the company’s TCA product in the region.
Cochrane joins the execution analysis firm from Deutsche Börse Group’s FX unit, 360T, where he most recently worked as Head of Institutional Sales for the Americas. Prior to this role, he was a Managing Director in its rival ITG Analytical Products and Research group, focusing on FX TCA.
Cochrane brings more than 25 years of FX industry experience coupled with a deep understanding of the institutional client segment. He joined ITG in 2011, acting as senior product manager for the firm’s FX transaction cost analysis solutions. Throughout his career, Jim was a lead consultant for this service to institutional investors, pension funds, sovereign wealth funds and hedge funds.
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Earlier in his career, he was a senior FX analyst at Thomson Reuters and a Director at Standard Chartered as part of the institutional investor FX sales team. He also held FX sales roles at RBS, Citi, and Deutsche where spent several years in various positions, part of a lengthy career dating back to 1993.
BestX strengthens its core product suite
Cochrane joins BestX as the company continues to invest in accelerating its strong growth path in the Americas. Last year, it signed up Citadel Securities, a global market maker across a wide range of asset classes, as the first non-bank liquidity provider (NBLP) client to use its third-party best execution analysis platform for FX electronic trading.
Through the partnership, the US trading firm’s clients can have their trades sent automatically to BestX for independent post-trade transaction cost analysis, and also benefit from single sign-on integration.
BestX announced the appointment on its LinkedIn profile. It noted: “We are benefitting from significant growth in the demand for BestX analytics in North America. Having Jim on the ground, combining his formidable experience and reputation in the FX TCA space with two decades of client relationships, will enable us to maximise the opportunity and gain further market share.”