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...

New Change FX launches new suite of Foreign Exchange APIs

New Change FX (NCFX) is proud to announce the launch of a new suite of Foreign Exchange APIs that provide customers with access to NCFX TCA Calculations and Models as well as access to regulated NCFX FX Benchmark data. Within the API suite we are pleased to add new...

Enterprise Data Management (EDM) for FX Tick Data

In the current Financial Market landscape, data can be a major determinant of whether businesses succeed or fail. The transformative potential of big data is widely recognised. In this endeavour, companies are realizing that big data is not simply a single technology...