New Change FX Wins Two Euromoney Awards: World’s Best FX Benchmark Provider & Best Solution for FX Forwards 2025

 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 methodologies that ensure neutrality, market representativeness, and regulatory compliance. 

Industry-Leading Solutions Driving Change

Our Forwards365 product was a key driver in earning Euromoney’s “Best Solution for FX Forwards” award. This innovation delivers a granular, credit-neutral forward curve across all calendar dates out to one year, enabling asset managers, hedge funds, and corporates to: 

• Reduce market impact 

• Optimise roll decisions 

• Enhance modelling accuracy 

• Benchmark trades against independent reference prices 

By addressing longstanding challenges in non-standard tenor pricing, Forwards365 replaces outdated interpolation methods with a sophisticated methodology that incorporates monetary policy dynamics, offering clients unparalleled precision and usability. 

Meanwhile, our recognition as World’s Best FX Benchmark Provider reflects the broader value of our benchmark ecosystem, including the Options Cut, which automates expiry pricing and reduces operational risk for clearing houses, sell-side and buy-side firms. Together, our benchmarks have become deeply embedded across platforms, regulators, and institutional workflows, supporting fairer, more auditable reference rates. 

A Commitment to Transparency & Innovation 

Our independence is central to who we are. In an industry where many data providers are owned by market-making institutions, NCFX stands apart as a truly neutral benchmark administrator under the UK’s Benchmark Regulation. 

Recent milestones include: 

• Integration of our Options Cut into the ISDA FX Definitions – Annex A 

• CRYPTO: Expansion of benchmark-quality data to over 480+ digital tokens in partnership with Chainlink Labs 

• A cloud-native platform delivering real-time data and analytics at scale through APIs, FIX, WebSocket, and Web GUI 

• Continuous innovation in TCA, enabling near real-time execution analysis and pre-trade tools.

Looking Ahead 

Paul Lambert, CEO of New Change FX, commented: 

“These awards are recognition of the trust our clients place in us and the innovation we bring to the FX ecosystem. At NCFX, our focus remains on delivering transparency, neutrality, and measurable improvements to client outcomes.” 

As we celebrate these achievements, we extend our thanks to our clients, partners, and team. Together, we will continue to push the boundaries of transparency and innovation in global FX and Crypto markets.