Leading algorithmic trading platform designed
with BestEx Research
exclusively for the Canadian equities market
Scotiabank celebrates launch by ringing the
Opening Bell at the Toronto Stock Exchange
TORONTO, Oct. 6, 2022
/CNW/ - Scotiabank today celebrated the launch of its next
generation algorithmic trading platform in Canada by ringing the Opening Bell at the
Toronto Stock Exchange. The new platform is made available to
clients through a strategic agreement with BestEx Research and
features state-of-the-art technology designed specifically to serve
the unique needs of the Canadian equities market. The launch of
this platform with Scotiabank in Canada marks a step forward in BestEx
Research's global expansion.
"Over the last two years, we have worked with BestEx Research
to provide our clients with market-leading algorithmic execution
quality in the U.S." said Pruyn
Haskins, Global Head of Equities at Scotiabank. "We
are thrilled to work with BestEx Research again - combining their
unique pricing models and our Canadian market structure expertise -
to provide Scotiabank clients with a leading algorithmic platform
for the Canadian marketplace."
Scotiabank's state-of-the-art platform provides institutional
investors with a single-ticket order experience across the
Americas. The new Canadian offering is based on research-driven
logic to significantly reduce costs and offers top tier trading
performance for clients.
"Many algorithmic trading solutions offered in Canada are adapted from algorithms originally
designed for U.S. markets," said Hitesh Mittal, Founder and CEO of BestEx
Research. "Through our collaboration with Scotiabank, traders
can access our innovative execution algorithms, developed from the
ground up and tailored for the unique structure of the Canadian
market. This offering marks another step forward in our mission to
deliver customizable, high-performing solutions for our buy-side
and sell-side clients trading equities, futures, and foreign
exchange globally."
For more information about the platform or Scotiabank's suite of
electronic trading products, ScotiaRED, please visit:
www.gbm.scotiabank.com/scotiared.
ScotiaRED - Responsive. Efficient.
Dynamic.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of over 90,000
employees and assets of approximately $1.3
trillion (as at July 31,
2022), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on
Twitter @Scotiabank.
About BestEx Research
BestEx Research Group, LLC 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 with their
Algorithm Management System (AMS), combining 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 a seamless trading solution for their
clients. For more information on BestEx Research's mission and
products, or to request a product demo, please
visit www.bestexresearch.com. Please follow BestEx Research
on LinkedIn and Twitter.
SOURCE Scotiabank