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 and Lumint announce collaboration to offer a new definitive set of Share Class Hedging analytics and services.
For any investor who is exposed to currency risk, exchange rates may significantly impact their returns. In order to mitigate this risk, most Investment Management firms offer a program of different hedged share classes with the aim to reduce the effect of movements...
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...
A popular misconception of the FX market is that FX is highly competitive and transparent. An excellent article in the FT dispelsthis myth with some eye-watering numbers. Quoting an upcoming research report to be published by the ECB on discriminatory pricing of...