BestEx Research Group, LLC

BestEx Research Group, LLC is a financial technology company specializing in high-performance algorithmic trading solutions that enhance execution efficiency in fragmented markets. Founded in 2017, BestEx Research Group operates out of Stamford, US, and focuses on developing execution algorithms for equities, futures, and foreign exchange trading. The company has successfully completed 2 deals, with the most recent occurring on March 2, 2023, when they raised USD 10. 00 mn in funding.

Hitesh Mittal serves as CEO, alongside Phillip Weinberg as a founder. BestEx Research specializes in high-performance execution algorithms designed to reduce transaction costs in fragmented markets. Their core offerings include sophisticated algorithms for equities, futures, and foreign exchange (FX) trading, which leverage robust quantitative design and extensive backtesting to minimize spread costs, market impact, and adverse selection. Clients benefit from complete transparency, customization options, and advanced analytical tools, allowing them to navigate complex global trading environments effectively.

BestEx Research generates revenue primarily through the provision of execution algorithms and associated trading technology services to institutional clients. Transactions are structured around partnerships with financial firms, enabling clients to access the company's advanced algorithmic solutions. The firm operates under subscription-based models for ongoing service access or transactional fees based on trade volumes executed through their algorithms, with flagship offerings like their proprietary VWAP algorithms and the Adaptive Optimal Framework forming the basis of their pricing strategy. In March 2023, BestEx Research Group, LLC raised USD 10.

00 mn in venture funding to accelerate growth and expand its global team. The company plans to roll out a differentiated suite of algorithms for FX and enhancements to existing tools for equities and futures. They are targeting expansion into new geographic markets to enhance their service offerings.