NCFX Options Cut included in annex A of the 1998 fx and currency option definitions

New Change FX has received a boost with news that ISDA is incorporating the firm’s Options Cut calculation in its FX and currency options Definitions – documentation used by the vast majority of market participants to provide a legal framework for their trading.

The Options Cut has been included in Annex A of the 1998 FX and Currency Option Definitions, co-published by ISDA and EMTA, and says NCFX, marks a major milestone in the firm’s mission to bring greater transparency, independence, and innovation to the FX markets.

The update to Annex A means that banks and financial institutions can now reference the NCFX Options Cut as a defined spot rate in FX options contracts. The cut is available via the NCFX Options Cut page and  supports the automation, netting, novation, and settlement in the FX options market at both the Tokyo and New York cuts.

“This is a proud moment for our team and a testament to the trust our clients and partners place in our data,” says Paul Lambert, CEO of NCFX. “Being included in Annex A reinforces our commitment to delivering transparent and reliable pricing that supports fairer and more efficient FX markets.”