BestEx Research Group LLC, an independent provider of high-performance algorithmic execution solutions for equity, futures, and foreign exchange trading is pleased to announce a follow-on investment of $10 million from its existing investors. BestEx Research will be able to accelerate its growth by expanding its global team as it prepares to launch a differentiated suite of FX algorithms as well as enhancements to existing tools for equities and futures.

BestEx Research has become a leading independent provider of execution algorithms for equities and global futures to both buy-side firms and banks since its Series A funding in 2020. Waters Technology recently recognized its unique Algorithm Management System (AMS) as the Best Algorithmic Trading Platform and Best Buy-Side Transaction Cost Analysis (TCA) for equities and futures.

BestEx Research’s Founder and CEO Hitesh Mittal said that their company is dedicated to constantly improving and advancing. He explained that their vision of extreme transparency, modern algorithm architecture, research-driven design, and careful measurement of outcomes aligns with their customers’ needs. To meet their demands, the company is expanding in multiple dimensions, including additional asset classes and regions, as well as increasing the size and scope of their team to provide exemplary support to users of their products.

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Most execution management systems (EMS) and order management systems (OMS) allow buy-side firms to access BestEx Research algorithms without disrupting their workflow. Sell-side firms can use BestEx Research’s comprehensive Algorithm Management System (AMS) to create completely custom execution solutions without requiring any coding, support their clients through a web-based dashboard, backtest custom strategies with its realistic exchange simulator, and measure performance with sophisticated transaction cost analysis (TCA). The award-winning platform can be customized to provide a frictionless, high-performance trading experience to any customer interested in lowering transaction costs and increasing execution transparency.

BestEx Research Group was founded in 2017 by a team of industry experts in systematic trading. BestEx Research is creating a new category of innovative, broker-neutral solutions that combine sophisticated execution algorithms with a user-friendly dashboard and transaction cost analysis for multiple asset classes. The cloud-based platform is the first independent algorithmic trading solution for equities, futures, and foreign exchange in all markets. BestEx Research algorithms are reducing trading costs for buy-side managers and providing sell-side firms with a seamless trading solution for their clients.