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SEP 06, 2021
New Change FX (NCFX) is excited to announce that our premium forex, precious metal, and crypto asset benchmark data is now being used to power Chainlink Price Feeds—a collection of industry-leading decentralized oracle networks for the Decentralized Finance (DeFi) and increasingly Centralized Finance (CeFi) ecosystems.
NCFX’s financial market data is actively being used across all native Chainlink Price Feed deployments, which include leading blockchain networks like Ethereum, Solana, Polkadot, Polygon, Binance Smart Chain, Avalanche, Optimism, Arbitrum, HECO, Fantom, and more.
As a professional data provider with a long history in the forex space and a carefully designed benchmarking methodology, NCFX’s high quality, low-latency, and hyper-reliable financial market data helps boost the security and reliability of Chainlink Price Feeds that already helps secure tens of billions of dollars in on-chain value for smart contracts. NCFX aggregates trading data from across a broad range of trading environments to provide highly-accurate spot pricing while also filtering out suspicious trading volume and reducing the impact from outlier data inherent from using single sources.
With Chainlink Price Feeds recently launching on several high-throughput chains like Polygon mainnet, Avalanche mainnet, Fantom mainnet, Arbitrum and Optimism L2 mainnets, and Solana Devnet, NCFX’s financial market data is providing support for low-latency price feeds that still retain full market coverage, protect against various data manipulation attacks, while providing transparency into the benchmarking methodology that the community can monitor and verify. For example, NCFX is supporting Chainlink Price Feeds on Solana that update at sub-second time frames to bring Solana’s smart contract application developers high quality pricing data in real-time.
NCFX will continue to support Chainlink Price Feeds as they expand across new blockchains and new asset types beyond cryptocurrency like Forex and commodities.
“We’re excited to supply our premium, high-frequency pricing data to Chainlink Price Feed deployments across leading blockchains, leading to increased decentralization and lower latency updates for the industry’s leading decentralized oracle solution,” stated Andy Woolmer, CEO of New Change FX. “Our support for Chainlink Price Feeds has not only expanded our business model with little integration overhead, but it has allowed us to seed next generation financial markets and products across DeFi and CeFi.”
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
New Change FX (NCFX) was founded in 2012 to bring better analytics to the FX industry and is headquartered in London, UK. Over the last 9 years, the business has grown into a data and analytics business delivering high-quality data to the FX market place. NCFX’s analytics have evolved to be market leading and the company’s data is widely embedded in efficient trading processes. NCFX’s goal is to support the ambitions of global regulators in informing and improving the execution outcomes for buy-side firms trading FX, and equally for sell-side firms to assist in this process and improve their own trading experiences.
Corporate Responsibility. NCFX adheres to the principles set out in the following international codes of ethical conduct: OECD Guidelines for Multinational Enterprises, UN Global Compact, UN Guiding Principles on Business and Human Rights, ILO Conventions: Child Labour (C138, C182); Forced Labour (CO29, C105); Discrimination (C100, C111); Freedom of Association (CO87, C098).
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