News & Insights

The paradox of FX costs is that they look trivial, a basis points here and there. That illusion encourages some portfolio managers to ignore them. Research by Harald Hau and co-authors shows that the cost of not looking is anything but small. At NCFX we provide our clients with the tools and knowledge to ensure that they are informed and powerful, not the victims in the zero-sum game of foreign exchange.  Don’t take our word for the fact that the dispersion of trading costs i

Kaiko, the global leader in institutional digital asset market data and infrastructure, and New Change FX (NCFX), the FCA-regulated global leader in independent FX benchmark rates, today announced a strategic collaboration to bring high-quality, regulated FX data to the Canton Network

New Change FX (NCFX) , the FCA-regulated global leader in independent FX benchmark data, has officially partnered with Chainlink , the industry standard oracle platform, to make its regulated FX spot and FX forward benchmarks available onchain, powered by Chainlink DataLink . The partnership enables NCFX’s trusted pricing data to be consumed across more than 2,500 applications on 70+ leading public and private blockchain networks.  Bringing regulated FX benchmarks on-chain gi

If you’re invited to dinner, it’s generally impolite to talk about money, politics, or religion. But if you truly want to ensure you’re never invited back, try steering the conversation toward regulation .  No one has ever said: “Have you met Gerrald? He has some great stories about FX regulation.”   Regulation may not be a page-turner, but it matters. And as any judge will remind you, ignorance is never a defence. In FX, both official regulation and the guidance set out in

New Change FX (NCFX), the independent, FCA-regulated benchmark administrator, has officially listed its datasets on the Snowflake Marketplace .  Snowflake users can now access NCFX’s independent FX and crypto benchmark and reference rates  — including Spot Mid-Rates, Forwards365®, and Crypto Reference Rates — directly within their Snowflake environment.  This listing provides institutions with fast, secure, and native access to unbiased pricing for trading, valuation, risk, a

The world of DeFi had a bit of a growing-up moment recently. The decentralised finance (DeFi) protocol Balancer suffered a catastrophic exploit that reportedly saw over USD 100 million disappear into the digital ether. The culprits didn’t brute-force the system or crack the code. They exploited a rounding error — a tiny, almost invisible vulnerability in Balancer’s “Stable Pools.” By skimming micro-gains across thousands of transactions, they siphoned off fractions of cents t

New Change FX (NCFX) , the regulated benchmark administrator and independent provider of FX and digital-asset data, has been named “Best Market Data Provider”  at the FX Markets e-FX Awards 2025 .    The award recognises NCFX’s ongoing commitment to enabling automation and driving down costs by delivering transparency  to global currency and digital-asset markets through its live, high-quality benchmarks and reference data.    NCFX is converting years of experience and accumu

The cataclysmic decline in crypto prices on October 10th brought into sharp focus something that those working in decentralised markets have always known—but sometimes try to ignore: the quality of your pricing source matters. Prices Across Multiple Venues At New Change, we have produced benchmark rates in fiat currencies for over a decade. The idea of creating streaming “benchmark” rates by collecting prices across multiple venues and aggregating them into a single feed come