The latest articles and press releases

NCFX has been named Global Best FX Benchmark Provider at the Euromoney Foreign Exchange Awards 2026. The award recognises NCFX’s independent, regulated FX benchmark data and innovative market infrastructure, supporting institutional clients with reliable real-time FX spot, forward, NDF, options and crypto reference rates.

New Change FX has been named the winner of the 2026 Inside Market Data & Inside Reference Data Award for Best Reference Data Initiative.

Most discussions about AI in financial markets focus on models: which to use, how to deploy them, and what processes they can automate. Yet the more important question is often overlooked: the quality of the data that powers them. The oldest principle in model building remains as relevant as ever: garbage in, garbage out. AI systems do not improve poor data, they industrialise it. When data is flawed, incomplete, or biased, those weaknesses are replicated at scale across ever

In a previous article, we explored the premium paid to access dollars from the Argentine peso (ARS) via digital rails—the gap between our 24x7 crypto-derived rate and traditional exit rates. A freely redeemable stablecoin functions as a real dollar, while an official rate that cannot be accessed does not. The gap is not a mispricing but a utility premium. The question is whether this premium exists beyond ARS and how it behaves across currencies. We applied the same approach

Argentina has long had more than one route to obtaining the dollar. There is the official dollar peso central bank fixing rate, the onshore MEP and offshore CCL financial rates, and the informal blue dollar traded for cash in the street. Each one reflects a different degree of access, fungibility and risk. And now there is another observable price: the crypto-accessible dollar/peso rate. NCFX’s 24x7 crypto-derived USDARS rate tracks this new price by observing the implied USD

Independent, bank-sourced FX forward pricing across the full one-year curve with daily granularity London, 16/04/2026 — New Change FX (NCFX), an independent provider of FX benchmark rates and market data, today announced the launch of NCFX Bank365® , a collaborative data feed developed in partnership with a panel of leading global banks. The product provides bank-sourced FX forward pricing across the curve from today to the 1-year tenor, addressing a long-standing need for m

Every Friday at 5pm New York time, the world's largest market goes dark. Over the weekend traditional foreign exchange markets are effectively closed, meaning no fresh prices, liquidity or visibility. But pressures on currencies don't stop just because a market closes. Political crises can break over weekends and often do. Central banks can make surprise announcements on holidays. In fact, Bank Holidays were introduced so that the authorities can make big changes when markets

The global FX derivatives market is entering a period of significant structural change. On March 3, 2026, ISDA and EMTA published the 2026 FX Definitions – a landmark update replacing the 1998 FX and Currency Option Definitions as the standard for all cleared FX derivatives and new non-cleared FX derivatives transactions from November 22, 2027. After nearly three decades, the rulebook is being rewritten, and with it, the operational requirements placed on every bank and finan