Insights

Brokerage Services Using NCFX Data – Why is it different?

Differentiated Brokerage Services Using NCFX Data New Change FX (NCFX) is a data vendor, producing the world’s only live, streaming Foreign Exchange benchmarks.  NCFX is regulated by the FCA as a Benchmark Calculation Agent and complies with ESMA rules.  We are also...

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Why NCFX Data is good for you

    Why NCFX Data is good for you Without wishing to provoke unpleasant memories of being forced to eat your greens, we would like to explain why consuming high-quality, independent data is good for you, and even better for your portfolio. What is NCFX Data?...

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Share Class FX Hedging Research Paper

Lumint Corporation and New Change FX (NCFX) have conducted analysis of the relative performance of hedged and unhedged share classes of funds in order to quantify the effect of the foreign exchange (FX) element of their investments. To read the full report paper...

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The Unit Cost of Volatility

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...

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The Unit Cost of Volatility at the 4pm Fix

The 4pm Fix conducted in London is a seemingly immovable feature of the Foreign Exchange (FX) markets. The Fix is still widely used by corporations and asset managers, despite the controversy over the wisdom of its use.  To provide a fresh look at the issue, NCFX has...

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Why Market Impact Matters

A common misconception of FX market liquidity is that it is plentiful, and so market impact does not matter. A dive down into the BIS triennial survey data shows that FX markets are far less liquid than people think, and market impact is a driver of transaction costs...

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New Change FX launches new suite of Foreign Exchange APIs

New Change FX (NCFX) is proud to announce the launch of a new suite of Foreign Exchange APIs that provide customers with access to NCFX TCA Calculations and Models as well as access to regulated NCFX FX Benchmark data. Within the API suite we are pleased to add new...

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