BestEx Research taps Andrew Westhead to lead research on algo execution

Rick Steves

“Andrew will help us continue to lead the industry in the development of high-performance multi-asset execution algos that significantly improve institutional investors’ returns by reducing their execution costs.”

BestEx Research Group has appointed Andrew Westhead as Managing Director of Research as the firm looks to further develop its high-performance algorithmic execution and measurement solutions for equities, futures, and foreign exchange trading.

Andrew Westhead has more than 15 years of experience in the research, development, and deployment of execution algorithms with a particular focus in equities, futures, and FX.

He joins BestEx Research from Graham Capital Management, where he was the Director of Smart Execution at the “systematically focused hedge fund”.

Prior to Graham, Mr. Westhead spent more than 10 years in the Quantitative Strategies Group at Bank of America, leading the research and development of its futures execution algorithms and leading numerous projects to enhance its global equities algorithms, both for external clients and internal trading desks.

Focus on high-performance multi-asset execution algos

Hitesh Mittal, Founder and Chief Executive Officer at BestEx Research, commented: “BestEx Research is committed to advancing algorithmic trading through a research-driven, systematic and quantitative approach to execution. In his new role, Andrew will help us continue to lead the industry in the development of high-performance multi-asset execution algos that significantly improve institutional investors’ returns by reducing their execution costs. Andrew’s hands-on research and algorithmic trading experience in futures, FX and equities at both systematic hedge funds and sell-side firms made him a perfect candidate for the role.”

Andrew Westhead, Managing Director of Research at BestX, said: “I’m excited to be joining the dynamic, fast-growing team at BestEx Research. I admire the firm’s commitment to providing continually-advancing, highly customizable execution algorithms and analytics for clients across multiple asset classes, and I look forward to working with the team and our clients to deliver on that promise.”

BestEx Research Group, LLC was founded in 2017 and offers broker-neutral solutions that combine sophisticated execution algorithms with a user-friendly dashboard and transaction cost analysis for multiple asset classes. The cloud-based solution covers equities, futures, and foreign exchange.

Execution algorithms are capable of reducing trading costs for buy-side managers and providing sell-side firms a seamless trading solution for their clients.

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