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JUN 10, 2025
NCFX is pleased to announce the NCFX FX Options Cut has been included in Annex A of the 1998 FX and Currency Option Definitions, co-published by ISDA and EMTA. This inclusion marks a major milestone in NCFX’s mission to bring greater transparency, independence, and innovation to the FX markets.
With this update to Annex A, banks and financial institutions can now reference the NCFX Options Cut as a defined Spot Rate in FX options contracts. The cut is available via the NCFX Options Cut page.
“This is a proud moment for our team and a testament to the trust our clients and partners place in our data,” said Paul Lambert, CEO of NCFX. “Being included in Annex A reinforces our commitment to delivering transparent and reliable pricing that supports fairer and more efficient FX markets.”
NCFX’s benchmark data is already used across the financial ecosystem for pricing, valuation, and compliance. This latest development further strengthens its role in supporting institutional FX operations with consistency and clarity.
For more information about the NCFX Options Cut and how NCFX supports FX market participants, visit www.newchangefx.com or contact info@newchangefx.com.
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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