As the London Summit kicks off today, we continue with our online presentation of the over 40 speakers participating at the show. Today, BestX will be live at the event taking an active role in both the retail and the institutional space, reflecting the broad scope of its offering.
Finance Magnates sat down with the group’s co-founder and director Pete Eggleston to learn more about his role in the company, the challenges being faced by the FX trading community and what delegates can expect to hear at the CEO roundtable panel, held on November 15th.
What is your position and what does your role entail?
My role specifically entails designing the analytical products we deliver to clients to help satisfy best execution.
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What was the single most important event or development that the market saw in 2016?
It is difficult to know the future impact at the moment given the ongoing uncertainty, but Brexit is probably one of the most significant events.
What are the biggest challenges that the FX trading community is facing? How do they affect your field?
The ongoing fragmentation of liquidity, lack of liquidity in larger sizes and the explosion in number and type of execution products/methods available to the buy-side are some of the key challenges. They affect best execution in many dimensions but BestX is responding by providing clients with analytics to help them navigate this increasing complexity and make informed decisions around their execution process.
What is the main message you’d like to convey to London Summit delegates?
Best execution is a complex, multi-faceted process that is not simply based on vanilla transaction cost analysis. BestX has developed unique software and analytics to help clients measure, achieve, record and justify their specific best execution process.
Spaces at the event are now limited. Reserve your place here.