TCA

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.
NCFX

Why use NCFX Analytics?

TCA

Simple

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

Insightful

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

Secure

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.
TCA

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.

Insights

Everything is Market Impact

An often overlooked problem in transaction cost analysis is endogeneity. The term arises from econometric analysis. It describes how the results of a regression analysis can be biased when both the dependent and independent variables are affected by the...

read more

Euromoney

FX: The rise of quality execution analysis.A combination of regulatory requirements and commercial imperatives are driving interest in quality execution analysis (QEA), a subset of transaction cost analysis (TCA) that is a vital component in measuring FX...

read more

Finance Magnates

New Change FX Launches Surveillance Solution. The new 'advanced protection system' will aid compliance and operational risk divisions. To read article in full click here.

read more