New Change FX (NCFX) is an award winning, independent, and FCA-regulated benchmark administrator and data and analytics provider across foreign exchange (FX) and digital assets. We deliver spot, forward, and crypto data and tools that helps them achieve costs savings and regulatory compliance.

New Change FX is regulated by the UK Financial Conduct Authority (FCA) as a benchmark administrator under the UK Benchmark Regulation (UK BMR). This means our data is independently governed, free from conflicts of interest, and adheres to strict standards of accuracy, integrity, and transparency. Clients using NCFX benchmarks benefit from regulatory assurance and audit-ready reporting.

Unlike liquidity-provider or venue-driven rates, NCFX benchmark FX data is aggregated from multiple wholesale market sources to create a neutral, manipulation-free benchmark. Every price is constructed using top-of-book data from independent sources, ensuring fair and unbiased pricing for banks, asset managers, and corporates worldwide. We also provide high quality data across less liquid currency pairs reflect the less frequent trading in these pairs.

They help avoid skewed dealer quotes and hidden costs, allowing institutions to measure execution fairly.

NCFX benchmarks give traders a trusted mid-rate to evaluate execution quality, reduce slippage, and identify skew in dealer quotes. For risk managers, it provides independent, audit-ready data for valuation, stress testing, and compliance under UK BMR and MiFID II best-execution rules.

Banks, asset managers, regulators, and digital asset innovators who require accurate and transparent pricing.

NCFX Crypto Reference Data is used by a wide range of institutional and digital-asset market participants, including:

• Institutional crypto traders and digital asset portfolio managers

• Centralized and decentralized crypto exchanges and liquidity providers

• DeFi protocols, oracle networks, and on-chain pricing engines

• Custodians, auditors, risk management platforms, and compliance teams

All rely on NCFX’s independent, unbiased crypto benchmark pricing to support fair execution, regulatory-grade reporting, valuation, and accurate smart contract settlement across both centralized and decentralized markets.

Yes. NCFX maintains comprehensive historical datasets for all regulated benchmarks, allowing clients to conduct back-testing, compliance reviews, and model calibration with full data lineage and auditability.

New Change FX is headquartered in London, United Kingdom, serving clients across Europe, North America, Asia, and the Middle East. As an FCA-regulated benchmark administrator, NCFX operates globally with a reputation for neutrality and independence in FX data.