BestEx Taps Hector Robles to Bring Algos to Futures Market

BestEx Research Group has appointed Hector Robles as Managing Director of Business Development in a key move to further expand its footprint in the futures market.

Hector Robles is an industry veteran with solid experience in some of the most renowned businesses in the trade, including Mizuho, UBS, and Quantitative Brokers.

The provider of high-performance algorithmic execution and measurement solutions for equities, futures, and foreign exchange trading launched their suite of futures algorithms in early 2021.

Futures algorithms is now the product the firm is looking to spread across the globe. Tailored specifically to futures market structure, the algorithms are part of their algorithm management ecosystem, which offers complete transparency into algorithm behavior, pre- and post-trade analytics, and user-specified strategy customization.

BestEx claims it is the only trading platform with full backtesting capability, realistically simulating performance according to the specific matching rules at each futures exchange globally.

The company chose Hector Robles for the job of spreading the word and sign deals with buy-side firms looking to enhance their algo execution capabilities.

Hector Robles will report to Hitesh Mittal, Founder and Chief Executive Officer at BestEx Research.

“Hector is arriving at a pivotal time in our growth and we are confident that his deep knowledge of the complexities of algorithmic futures execution and his diverse experiences in senior roles at institutions large and small will help drive our expansion across markets and deliver our best-in-class solutions to a broader audience”, said CEO Hitesh Mittal.

Hector Robles, Managing Director of Business Development at BestEx Research, said: “I am thrilled to join Hitesh at BestEx Research, a company I’ve admired for its commitment to research, innovation, and data-driven solutions to algorithmic trading challenges. There is significant demand for BestEx Research’s advanced algorithms in the futures market. I look forward to working with this client-centric team and the most sophisticated trading platform available for futures.”

Robles brings over 15 years of electronic trading and transaction cost analysis (TCA) expertise and joins BestEx Research from RCM-X, where he headed distribution of its algorithmic and quantitative trading products.

Earlier, he was responsible for the distribution of UBS’s algorithmic execution strategies in futures, foreign exchange, and fixed income across the Americas and served as Global Head of Electronic Trading for futures at Mizuho Securities. In addition, Hector has held senior sales and product roles at Quantitative Brokers.

The appointment of Hector Robles marks the latest in a string of significant leadership announcements, including the appointments of John King and David Conner to BestEx Research’s Client Services team in March 2021.