News & Insights

NCFX Options Cut: A new market standard The NCFX FX Spot mid-rate benchmarks are becoming the preferred standard for clearing and determining automated FX option expiries. In the decentralized and fragmented FX market, reaching consensus on clearing rates is a complex task. A transparent and reliable benchmark is essential, and the NCFX Options Cut is emerging as an effective solution.  FX markets rely on two concurrent systems for price discovery: the continuous auction mark

The analytics edge: Transforming the FX markets The steady rise of electronification in FX markets has ushered in a new era of data-driven decision-making. As the FX execution workflow becomes digitised, data analysis has become an indispensable component of the ecosystem. With more data at firms’ disposal than ever before, Transaction Cost Analysis (TCA) is playing a crucial role in helping them fine-tune their strategies. John Stead, Director of Sales Enablement, Strategy,

NCFX Options Cut Methodology – Fast Becoming the Market Standard     The NCFX FX Spot mid-rate benchmarks[1] are increasingly being adopted as the benchmark rate for the clearing and determination of automated FX option expiries. In the complex landscape of FX markets, where reaching consensus on market clearing rates can be challenging, a robust and transparent benchmark is essential[2]. The NCFX FX Options Cuts represent a special use case for benchmarks, given the decentra

Background In my career, I have led the currency departments at some of the largest asset managers in the world. This experience provided...

In the latest edition of FullFX Unfiltered, Colin Lambert of The Full FX discusses with Paul Lambert, CEO of New Change FX, the increasing importance of FX swaps and interest rate curves. Paul Lambert highlights his experience in asset management, emphasizing the need for reliable data in swap trades, particularly as the market shifts from zero to non-zero interest rates. They delve into the recent ECB regulatory changes impacting excess reserves and FX swap pricing, stressin

Granular Data Powers Up Forward FX Strategies: Unveiling EUR/USD Curve Nuances Foreign exchange (FX) markets thrive on precision. However, navigating forward FX contracts often relied on broad data points, leaving users vulnerable to hidden risks and missed opportunities. New Change FX is changing the game with its granular data on forward FX curves, particularly for the EUR/USD forward curve, the world's most traded instrument. ECB Update Drives Month-End "Turns" Back into F

NCFX Forwards365™ and NCFX Basis365™ - Revolutionizing price discovery in the FX swaps markets for buy- and sell side market...

Electronification has steadily increased in FX over the years, and has spawned new stakeholder needs. Proving commercial viability and...