Global Trading Analysis and Compliance Solutions

BXS specializes in providing a product suite of best execution solutions, regulatory reporting, trading analytics, and surveillance software across multiple asset classes to broker-dealers, institutions and market centers.

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Our Company

Best Execution Solutions, LLC (“BXS”) is a privately owned company which focuses on providing Best Execution solutions, regulatory reporting, trading analytics, and surveillance software across multiple asset classes. BXS was founded in 2015 by industry veterans and is operated by a management team with extensive experience in the financial industry. BXS has developed a reliable set of cost effective products and services that provide Broker Dealers, Institutions, and Market Centers with solutions that fulfill their Compliance reporting obligations such as Rule 605, Rule 606, and Best Execution reviews, along with a comprehensive set of peer-to-peer comparison and transaction cost analysis tools that offers clients a competitive edge and enhanced profitability.


Mike Fryer, Senior Vice President, Head of Client Services

Mike is a senior financial services executive with over 20 years of client facing experience, well versed in developing and monitoring client relations, overseeing daily operational procedures as well as staff development. Prior to joining BXS in 2019, Mike served as a Vice President in the Client Service department at the Transaction Auditing Group (TAG) from 2011 to 2014, followed by IHS Markit upon their acquisition of TAG. In these roles Mike has gained great experience guiding clients through the creation and review of Compliance reporting and Best Execution solutions such as Rule 605, Rule 606, Rule 611, Post Trade Surveillance and Trade Cost Analysis. Prior to TAG & IHS Markit, Mike spent 15 years in various rolls of finance customer service working for Deutsche Bank, Allen and Co and NatWest Markets.

Roger Post, Founder & Chief Executive Officer

Roger is the Co-Founder and Chief Executive Officer of Best Execution Solutions (BXS). Prior to founding BXS, Roger was the CEO of the Transaction Auditing Group (TAG) where he successfully positioned the company for acquisition and subsequently consummated a sale in 2014 to a publicly traded firm. Roger's career on Wall Street began in 1979 when he took a position on the New York Commodity Exchange (COMEX) with Shearson Hayden and Stone, which later became Shearson Lehman Bros. From there he continued working on trading desks and exchange floor operations of Rudolph Wolf Commodities, Cowen & Co, and Smith Barney. As a successful entrepreneur, Roger has built a number of businesses such as a carpet cleaning company which he started in 1976 while still in high school, evolving into a facility management firm with over 100 employees. Roger also owned and operated 'Edward T. Minor Co', a residential and commercial heating oil and HVAC energy company. Roger attended University of Phoenix Arizona, Kings Borough CC, and graduated with a degree in Business Management.

Ben Calev, Founder & Chief Technology Officer

Ben is Founder and Chief Technology Officer at Best Execution Solutions (BXS). Prior to BXS, Ben spent 15 years at The Transaction Auditing Group (TAG) where he was responsible for all database and technology operations and built its IT infrastructure. Ben also had stints in Client Services and Software Development while at TAG. Having been involved in all aspects of Best Execution reporting, including the origination of Rule 605/606, Ben has unique and intimate knowledge of the industry. He is both an internal and external resource for standard and customized Best Execution products. Prior to BXS and TAG, Ben was with INetU, a managed web hosting firm where he managed major accounts, coordinated general operations and implemented technology solutions including data center expansion, accounting system upgrades and strategic platform coordination. Other past positions include Director of Information Services for Integra, a publicly traded managed behavioral healthcare firm, and Principal of Worldspan Technologies, an internet consulting firm. Ben is a graduate of Ithaca College, Ithaca, NY.

Walter Ferstand, Director, Compliance & Audits

Walter is a veteran compliance and regulatory expert with more than 30 years of capital markets experience in the broker/dealer and exchange side of the business. Prior to joining BXS, Walter was a Compliance officer at both Redkite Financial Markets and NICE Actimize. He has also held senior-level Compliance positions at Man Financial and Instinet, and served in market operations management capacities during a 10-year tenure with NASDAQ. Walter specializes in cross-asset electronic and DMA trading requirements, including REG NMS 611, 605 and 606, OATS, TRACE, TRF, and MSRB Compliance Reporting. He also has extensive knowledge of the development, forensic testing and risk assessment of compliance programs in accordance with SEC, FINRA, and CFTC rules and regulations, including new and proposed rules. Walter works closely with BXS clients and prospects to evaluate, educate and advise on compliance requirements, ensuring each firm has the proper solutions to meet their specific business needs. Walter is a great asset to BXS clients in helping them develop and author policies and audit procedures.

Michael Post, Executive Vice President

Michael is the Executive Vice President at BXS. Michael oversees the sales team as well as business development and strategic initiatives. As a fast-growing financial technology firm, Michael plays an innovative role in upgrading and tailoring BXS products and systems to better serve and advance the capital markets community. Prior to BXS, Michael managed the operations and project management division of Aggressive Energy, an energy and mechanical firm based in Brooklyn. Michael holds a bachelor’s degree from St. John’s University and an associate degree from Sacred Heart University.

Frank Grampone, Executive Vice President, Business Development & Strategy

Frank is a veteran of the financial services industry with 30 years of experience specifically in trading, business development, client services, and regulatory compliance. Previously, Frank was a Managing Director at Knight Capital Group where he oversaw US Operations, managing Client Services and Broker Dealer Sales-Trading. He also spearheaded the Best Execution Committee while coordinating all efforts for Rule 605 and Rule 606 regulatory reporting. After Knight, Frank was an Executive Director at UBS Investment Bank where he managed Client Services and Operations for its Broker-Dealer Wholesale Market-Making unit. He also monitored and analyzed execution performance statistics, oversaw market structure initiatives, and supported Sales and Business Development. Frank is also a successful small business owner having launched, marketed, and operated a chain of environmentally friendly dry cleaners in New Jersey. As Executive Vice President of BXS, Frank focuses on business development, strategic initiatives, and tailoring products and systems to better serve its clients and the capital markets community.

Rasha Hantash, Vice President, Technology

Rasha is a Software Engineer with a special interest in web application security and open source software. Rasha began her career with a two year internship at Capital One as a Software Developer, where she learned full-stack development and built a new user interface for Capital One customers. In addition to an excellent career start, Rasha brings with her exemplary leadership skills which began during her undergrad. For her last year as a computer science major, Rasha was elected to be the president of the Linux User Group where she held weekly tech-talks on Linux and other open-source technologies. Rasha is also the recipient of multiple awards including a 1st place finish in the Lockheed Martin Challenge. Among her responsibilities, Rasha works directly with BXS’s CTO on Product development, Cloud management and Data analysis with an emphasis on Data integrity and Validation.


Strong Relationships Start with the Right Partners & Affiliations

BXS engages in strategic partnerships that include business collaborations and leveraged technology wherein the success of one product and service has brought success to its partner. We have further built our business, boosted awareness, and have entered into new markets by exposing the product or service of each partner to a greater audience. BXS is also affiliated with prominent industry organizations which keeps us abreast of key issues and allows us to contribute our expertise to evolving industry standards. These shared values and goals are exactly why these initiatives have proved successful as it's a win-win for both sides. BXS would like to thank its partners and affiliates as we look forward to continued success and growth.


Make an Impact with Communication & Leadership

BXS is an industry-leading provider of regulatory reporting and trading analytics that is committed to building better markets for the future. BXS employs the best, brightest, and most experienced personnel with backgrounds deeply rooted in the securities industry. Most employees have experience in Compliance, Operations, Technology, and possess a strong business acumen. BXS promotes from within but is always seeking talented individuals to join our growing company.

If you are interested in joining our team, please send your resume: Click Here!



The Industry's Most Comprehensive Solutions

With a deep knowledge of capital markets and industry regulation, BXS has developed a reliable set of cost effective products and services.

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