TCA tools powered by independent data.

Enhancing transparency. Objectively measuring.

We are the only TCA provider in the world to calculate its own consolidated FX data feed. Don’t pay more for TCA that isn’t independent.

Our intuitive, easily accessible tools powered by NCFX data mean you can measure your FX costs easily and accurately. In fact, it can be 100% automatic if you like. All our TCA tools use our live, independent mid-rates. This gives you the level playing field you need to measure your FX costs. Objectively.

To find out about how to access NCFX TCA, simply contact us.

Why use NCFX Analytics?



We’ve made things simple. We offer full automation of TCA processes. Contact us, get set up and have your reports downloaded direct to your own bespoke desktop. Easy.
All our TCA tools use our live, independent mid-rates


We offer six measurements and benchmarks right out of the box, meaning that however you want to measure your FX business, we can provide the answer at the click of a button.
All our TCA tools use our live, independent mid-rates


You’re in control of your trades. We have built our applications so that we never see or store your deals, so your data remains secure. SFTP can be set up within your firewalls.

Clearly Priced

You pay us (ideally) and that’s that. We see FX TCA as a cost of doing business that should be paid by Asset Managers so we don’t add ticks onto transactions. We charge up to GBP36,000 for analytics and that’s it.


No Wonder Lecturers Are On Strike.

The Competition and Markets Authority (CMA) has released its working paper on the Investment Consulting business and its grip on the UK investment landscape.  Whilst there is a great deal of work on questionable practices, questionable value-add, and questionable...

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Your Guide to FX Costs

Whose (FX) Money Is It Anyway? FX costs are the last great unmanaged cost incurred by investors. Despite their significance to investors, they remain largely ignored.  This is because costs are hidden in spread and vary widely.  So we have read with great interest the...

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How to make sure your FX costs are correctly reported.

Here are the requirements for the correct reporting of Foreign Exchange transaction costs under MiFID2 and PRIIPs, and the relevant rules from the relevant legislation. Firstly, the PRIIPs standards for cost reporting are required under MiFID2.  This was clarified by...

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