TCA tools powered by independent data.

Enhancing transparency. Objectively measuring.

The only ESMA registered and FCA authorised administrator of live spot FX benchmarks.

We are the only TCA provider in the world to calculate its own consolidated FX data feed. Don’t pay more for TCA that isn’t independent.

Our intuitive, easily accessible tools powered by NCFX data mean you can measure your FX costs easily and accurately. In fact, it can be 100% automatic if you like. All our TCA tools use our live, independent mid-rates. This gives you the level playing field you need to measure your FX costs. Objectively.

To find out about how to access NCFX TCA, simply contact us.

Why use NCFX Analytics?



We’ve made things simple. We offer full automation of TCA processes. Contact us, get set up and have your reports downloaded direct to your own bespoke desktop. Easy.
All our TCA tools use our live, independent mid-rates


We offer six measurements and benchmarks right out of the box, meaning that however you want to measure your FX business, we can provide the answer at the click of a button.
All our TCA tools use our live, independent mid-rates


You’re in control of your trades. We have built our applications so that we never see or store your deals, so your data remains secure. SFTP can be set up within your firewalls.

Clearly Priced

You pay us (ideally) and that’s that. We see FX TCA as a cost of doing business that should be paid by Asset Managers so we don’t add ticks onto transactions. We charge up to GBP36,000 for analytics and that’s it.


Finance Magnates

New Change FX Benchmarks Available on Lucera Connect Network. New Change FX’s regulated FX benchmarks and other data products are now available on the network. To read article in full click here.

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Profit & Loss

Marek Robertson has joined New Change FX as head of benchmark products. Based in London, Robertson joins having spent the past three years in a variety of fintech-focused consultancy roles. Prior to that, he was the head of European e-FICC sales and global e-FX sales...

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A crying need for Benchmarked Execution

A popular misconception of the FX market is that FX is highly competitive and transparent. An excellent article in the FT dispels[1]this myth with some eye-watering numbers. Quoting an upcoming research report to be published by the ECB on discriminatory pricing of...

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