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.
Why use NCFX Data?
New Change FX (NCFX) are proud to announce the release of a family of regulated Foreign Exchange (FX) benchmarks for the forward foreign exchange markets. The new Forward Benchmarks complement the Spot FX Benchmarks that NCFX have published since 2018. The live...
New Change FX (NCFX) was a sponsor of the mid July 2020 Global Virtual TradeTech where we spoke about the importance of independent data and the introduction of regulated Benchmarks in the FX industry as a whole to improve, not only actual execution costs, but also...
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...