New Change FX selects EOSE to strengthen data and analytics distribution capabilities

                                                                                                                                                                            EOSE partners with New Change FX (NCFX) New Change FX selects EOSE to strengthen data and...

Share Class FX Hedging Research Paper

Lumint Corporation and New Change FX (NCFX) have conducted analysis of the relative performance of hedged and unhedged share classes of funds in order to quantify the effect of the foreign exchange (FX) element of their investments. To read the full report paper...

The Unit Cost of Volatility

One of the challenges market participants face when analysing their FX transaction costs is how to compare results across different currency pairs and volatility regimes. A given spread for 1 million EURUSD might be considered very tight under certain conditions, but...

The Unit Cost of Volatility at the 4pm Fix

The 4pm Fix conducted in London is a seemingly immovable feature of the Foreign Exchange (FX) markets. The Fix is still widely used by corporations and asset managers, despite the controversy over the wisdom of its use.  To provide a fresh look at the issue, NCFX has...

Why Market Impact Matters

A common misconception of FX market liquidity is that it is plentiful, and so market impact does not matter. A dive down into the BIS triennial survey data shows that FX markets are far less liquid than people think, and market impact is a driver of transaction costs...