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NCFX is an FCA-authorised benchmark administrator.

We produce and publish the world’s only continuous, officially regulated benchmark rates for Spot and Forward FX.

Market Insights

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The Full FX: Year-End Basis Pressure Double 2021 Say...
The Full FX features NewChange analysis in an article about year-end funding pressures in the foreign exchange market. Read the article here ...
OCT 15, 2022
E-Forex: Why you need Independent Data to Differenti...
When measuring in FX, an Independent Benchmark makes all the difference. The emergence of independent mid-rates has made price opacity optional. To paraphrase Gibson, a fair and efficient FX market is...
SEP 14, 2021
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 ...
JUN 05, 2020

In the Press

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New Change FX appoints new CTO to scale and transfor...
James Anderson, former CTO of the Financial Conduct Authority (FCA), joins New Change FX (NCFX) to deliver scaling and digital transformation of the data and analytics fintech company. James Anderso...
MAR 01, 2022
Press release
The Full FX: New Blood Brings New Approach at New Ch...
Independent market data and analytics firm New Change FX (NCFX) is unveiling a number of changes at the top of the firm as it seeks to build on its position in the FX industry - and has tapped into th...
JAN 07, 2022


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Shining a light on the true costs of trading foreign exchange.

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