Insights

After a review Coalface Capital chooses NCFX

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...

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Everything is Market Impact

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...

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Record Currency Management engages New Change FX

Record Currency Management Limited (“Record”), the specialist currency manager, is pleased to announce that it has engaged New Change FX, an independent provider of foreign exchange data and transaction cost analysis, to further enhance Record’s commitment...

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Fast and Fragmented Trading. The end of prime market venues

It used to be that FX price discovery happened over the phone at what must seem, to a self-aware computer, an excruciatingly slow pace. These days it happens much faster, as the latest report from the BIS on market microstructure shows.  The report doesn’t...

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Paying too much for FX?

New Change FX conduct a good number of research pieces for asset owners and asset consultants every year. We conduct Transaction Cost Analysis (TCA) on data submitted by asset managers in order to assess the cost of the manager’s FX execution. This activity might take...

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The Cost of Poor Foreign Exchange Execution

Considerable steps are being made in cost transparency. It is however apparent that where foreign exchange (FX) is concerned, there is still a need to explain the drag on returns that comes from poor FX execution and to underline how simple it is to reduce...

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