News & Insights

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 c

Seeing Beyond the Peg: The Value of NCFX Crypto Data in Understanding Stablecoin Dynamics   The recent explosive growth of stablecoins has reshaped the digital asset landscape, offering traders and investors a bridge between traditional finance and the crypto economy. Yet, as the market has learned time and again, stability can be more complex than a price that appears “close to one.”  On the evening of 10th October (UK time) , digital asset markets saw a sharp selloff across

New Change FX (NCFX), the leading provider of independent, BMR-compliant FX and crypto benchmark data, today announced the launch of its Model Context Protocol (MCP) server. The new cloud-based MCP enables banks, asset managers, hedge funds, and financial technology providers to connect AI Large Language Models (LLMs) — such as Anthropic’s Claude — directly to NCFX’s independent benchmark data, without the need for custom integration infrastructure. Key Benefits for Institut

New Change FX (NCFX) is proud to announce it has been recognized with two prestigious titles at the Euromoney Awards 2025 :  World’s Best FX Benchmark Provider   World’s Best Solution for FX Forwards     These awards highlight our mission to deliver independent, conflict benchmarks and analytics that bring greater transparency, efficiency, and precision to the global FX markets.  Unlike providers reliant on indicative dealer quotes, our data is built on independent methodolog

Expanded Currency Coverage for NY Options Cut.   As part of our ongoing service enhancements, New Change FX (NCFX) has expanded its...

Our Expected Spread Model empowers our clients to anticipate, assess, and optimise the cost of FX transactions with unprecedented clarity. The Problem with Historical Averages Traditional methods of estimating FX spreads rely on backward-looking databases of past trades. While intuitive, these approaches often fail due to inconsistent data, inadequate granularity, and a lack of real-time relevance—especially in the forward market where credit and market structure dynamics mak