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Ex-Morgan Stanley duo set to launch first FX analytics product

BestX to launch post-trade cost analysis tool for foreign exchange market next week

BestX founders Ollie Jerome (left) and Pete Eggleston
BestX founders Ollie Jerome (left) and Pete Eggleston

Two former senior members of Morgan Stanley’s foreign exchange team are set to launch a widely-anticipated transaction cost analysis service for the FX market next week, nine months after they left the US bank.

Ollie Jerome, who was Morgan Stanley's head of FX and emerging markets for Europe, and Pete Eggleston, who ran the highly regarded quantitative solutions and innovations team, took voluntary redundancy from the bank in December 2015.

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