Objective data.
Without it you aren’t measuring anything.
NCFX began calculating live FX midrates in 2012 because we realised that FX TCA isn’t worth the paper it’s written on if the data comes from inside your cost-chain.
Using data that comes directly from a trading platform which directly forms part of your cost, or data that comes from a source that can be used to execute your business by your bank or broker means that you are measuring inside the cost-chain. As soon as FX data comes from within your FX cost chain, the possibility is that you have a result that suits the cost-chain, and not you.
Use independent data to ensure meaningful comparisons between your trading choices.
New Change Currency Consultants Ltd, which trades as New Change FX or NCFX, is authorised by the FCA (FRN:793983) to carry on the regulated activity of administering a benchmark under Part 4A of the Financial Markets and Securities Act 2000, pursuant to Article 34 of the (EU) Regulation 2016/1011, and can be found on the ESMA Benchmarks Register.
Why use NCFX Data?
Accurate
Independent
Clear
Accessible
Insights
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