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?
Declan McEvoy, CEO, Coalface Capital says: “We conducted a review of possible providers of “true-mid” pricing for our automated trading system and decided on NCFX. Their methodologies and accuracy are the best in the market” “That Coalface Capital has chosen the New...read more
JYSKE BANK is using New Change FX’s regulated independent FX Data in their Capital Markets Department
Jørn (Luffe) Sodborg, Director, Head of e-trading and distribution at JYSKE MARKETS says: “We are excited to have chosen New Change FX (NCFX) as our provider of Independent, ESMA regulated FX Data to be used by our in-house analytical team. It provides us with the...read more
An often overlooked problem in transaction cost analysis is endogeneity. The term arises from econometric analysis. It describes how the results of a regression analysis can be biased when both the dependent and independent variables are affected by the...read more