New Change FX Launches NCFX Bank365® in partnership with Global Banks for Full-Year FX Swaps Curve Data
- 4 days ago
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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 more granular and consistent swaps data.
NCFX Bank365® will deliver continuous, independently validated forward pricing across all good business days out to one year, with coverage planned to span G10, emerging markets, frontier currencies, and NDFs.
“NCFX Bank365® represents a major step forward for the FX swaps market transparency enabling further automation of workflows,” said Paul Lambert, Chief Executive Officer at New Change FX. “By working closely with leading global banks, we have developed a product that combines deep market insight with an independent and robust methodology, delivering consistent and transparent pricing across the full curve.”
The launch builds on NCFX’s presence in FX swaps data following the introduction of its independent forward curve, NCFX Forwards365®, in 2023, and extends this through direct collaboration with market making liquidity providers.
The contributing bank panel includes a group of leading global players active across G10, emerging and frontier FX markets. NCFX Bank365® has been developed in close collaboration with these institutions, incorporating continuous input throughout the design and build process.
A senior representative from one of the contributing global banks commented:
“NCFX stands out for its independence and deep understanding of the FX swaps market. We have worked closely with the team throughout the development of this product, and as the market continues to move towards greater automation, access to consistent, high-quality data across the full curve becomes increasingly important. The ability to deliver this level of granularity across G10, emerging and frontier markets makes this a timely and valuable addition for both liquidity providers and the wider market.”
NCFX Bank365® supports a range of use cases across FX market participants, including:
Price discovery — visibility into forward rates across maturities and currency segments
Price construction — inputs for internal curves and pricing models
Post-trade analytics — transaction cost analysis and performance evaluation
Valuations — consistent and independent pricing across the full curve
About New Change FX
New Change FX is a leading independent, FCA-regulated benchmark administrator providing real-time FX benchmark and reference data for valuation, trading, analytics and risk management to institutions globally. As an authorized administrator under the UK implementation of the EU Benchmark Regulation (BMR), NCFX delivers transparent, auditable benchmark and reference rates across FX spot and FX forwards, supported by robust methodology and full regulatory oversight. NCFX is supervised by the UK Financial Conduct Authority (FCA).
Contact
New Change FX
Kinga Broel-Plater
Chief Commercial Officer
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