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OCT 09, 2023
For immediate release- 09 October 2023
New Change FX release NCFX Forwards365, a new zero-interpolation live stream for swap points.
New Change FX are pleased to announce the release of a new streaming swap data service. The service is called NCFX Forwards365 after its key feature of each broken date being individually calculated, rather than relying on interpolation of other points to arrive at a value. In addition to the NCFX Forwards365 service, New Change FX will shortly be releasing a live basis stream, Basis365. NCFX Forwards365 streams all business for the next 12 months of information and not just key dates.
The main features of NCFX Forwards365 are:
Every date streamed.
Visualise curves in real time.
The past is present.
Supporting multiple user cases.
Paul Lambert, CEO of New Change FX said “We are extremely proud of the NCFX Forwards365 product. It has been a long and complex process to systematise the construction of accurate curves without using any interpolation, but the result is superb. Users can be sure that each point that they need to find a value for is individually calculated rather than being subject to what is inherently guesswork when using interpolation. This, coupled with the fact that users can stream 365 days of data rather than having to calculate each point will deliver significant change to the electronification of the swaps market”.
To book a 30 min demo with us click here!
For further information please contact:
Kinga Broel-Plater, Chief Commercial Officer
or your Sales representative.
Notes to Editors
New Change FX is an independent company dedicated to the measurement of foreign exchange pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX do not offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process.
To find out more please visit www.newchangefx.com.
The EU Benchmark Regulation ((EU) 2016/1011 of the European Parliament and the Council of 8 June 2016, “BMR”) came into effect on 1 January 2018 and introduces a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds.
On 27 February 2018, HM Treasury in the UK passed into legislation the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, thereby fully adopting the BMR.
In 2018, NCFX was granted permission by the Financial Conduct Authority (FCA) in the UK under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of administering a benchmark.
In accordance with Article 27 of the BMR, NCFX provides benchmark statements for its families of benchmarks.
NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.
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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