Take control of your FX costs.
Independent data. Independent TCA.
New Change FX is an award winning fintech company. We specialise in delivering price transparency to the FX markets with live, regulated, independent data.
New Change FX is dedicated to creating an efficient and transparent market that is fair for everybody.
What we do
NCFX data is created by aggregating live feeds from multiple FX ECNs. We calculate a live, consolidated FX midrate millions of times a day from independent sources. We take no data from any underlying price maker directly to ensure that the rate cannot be manipulated whilst being representative of the market midrate at any given time.
We provide midrates in Spot, Forward, NDF and Restricted Currencies.
We work with central banks, sovereign wealth funds, pension schemes, banks, asset managers, asset consultants and major corporations globally.
Differentiated Brokerage Services Using NCFX Data New Change FX (NCFX) is a data vendor, producing the world’s only live, streaming Foreign Exchange benchmarks. NCFX is regulated by the FCA as a Benchmark Calculation Agent and complies with ESMA rules. We are also...
Why NCFX Data is good for you Without wishing to provoke unpleasant memories of being forced to eat your greens, we would like to explain why consuming high-quality, independent data is good for you, and even better for your portfolio. What is NCFX Data?...
EOSE partners with New Change FX (NCFX) New Change FX selects EOSE to strengthen data and...
Benefits to our clients
- Forensically measure and monitor your FX transactions
- Monitor, understand and control your FX implementation costs
- Compare costs between counterparts, systems or processes
- Quantify and understand the actual value of market making to clients
- Improve FX intelligence and performance
- Set up bespoke reporting to meet regulatory demands across mutliple jurisdictions
- Ensure compliance and operational efficiency in all your FX transaction
- Develop best execution policy framework and verify results
Senior Currency Manager at Metzler Capital Markets.
Chief Executive at Record
Why New Change?
• Delay cost
• Price Impact
• Effective Spread
• Realised Spread
• Decay (pre and post trade)
• Implementation Shortfall
All for one clear price.
FX execution cost-chains are complex. They include many entities that are paid through your execution flow, so the more flow you do with them, the more they earn. This includes custodians, banks, brokers, market-makers, (some) TCA providers, FX aggregation platforms and so on. The interest of each participant is to look as cheap as possible, so taking TCA results from anywhere inside the chain is problematic.
Without measurement from outside the cost-chain, you aren’t measuring anything, so if understanding costs and improving execution is important to you, then you need independent data.