Hitesh Mittal
CEO
BestEx Research
BestEx Research provides execution algorithms for equities, futures, and FX that minimize transaction costs through a rigorous quantitative design and backtesting process. Their cloud-based Algo Management System offers real-time analytics and customizable order management, enabling clients to enhance execution efficiency with minimal disruption to existing workflows.
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Updated 6 months ago
Funding
Raised to date
$15.1MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Financial institutions face challenges in minimizing transaction costs and optimizing execution strategies across equities, futures, and FX markets due to market fragmentation and the complexities of algorithmic trading. Traditional methods often lack transparency and real-time control, hindering the ability to adapt to changing market conditions and achieve optimal performance.
Solution
BestEx Research offers a suite of execution algorithms designed to minimize transaction costs through quantitative analysis and backtesting. Their cloud-based Algo Management System (AMS) provides transparency and control over execution, enabling customization, automation, and interactive transaction cost analysis (TCA). The platform allows clients to enhance execution efficiency by providing real-time analytics and customizable order management, all while integrating into existing workflows.
Target Audience
The primary target audience includes financial institutions, asset managers, hedge funds, and trading desks seeking to improve execution performance and reduce transaction costs in equities, futures, and FX markets.
Features
- Execution algorithms for equities, futures, and FX markets, designed to minimize spread costs, market impact, and adverse selection.
- Cloud-based Algo Management System (AMS) for real-time analytics, customization, and order management.
- Interactive TCA and reporting tools for complete transparency and control over execution.
- Adaptive Optimal Framework for designing and optimizing implementation shortfall algorithms.
- IS Zero algorithm, a VWAP algorithm designed to minimize implementation shortfall for low-urgency trading.
- Strategic Venue Analysis to optimize algorithm performance in fragmented markets.