London, UK / Berlin, Germany. Jan. 25, 2021 - FX data provider New Change FX (NCFX) has joined Datarade, the fastest-growing global e-commerce platform for commercial datasets. Datarade’s tens of thousands of data buyers from every industry can now effortlessly discover, compare, and get access to NCFX’s data products.
New Change FX (NCFX) specializes in providing live, regulated FX Benchmarks in both Spot and Forward FX markets as well as a Benchmark for 200 Cryptocurrencies. The company is the only data business in the world supplying streaming FX data that complies with the ESMA Benchmark rules.
NCFX data covers all global FX markets, including African currencies and NDF pairs. Spot data in Benchmark pairs is produced by NCFX every 50 milliseconds, and forward data is produced once a second, returning 200+ million Benchmark data points each day in total. NCFX also produces reference data for non-benchmark currency pairs ensuring full global coverage of the FX markets.
“Our business is driven by high quality, independent data. That data in turn drives better analytics and higher transparency in the FX execution process. Without an independent data source in the measurement process it is quite impossible to know what FX costs are, and therefore impossible to manage them. We are pleased to be working with Datarade whose view of transparency and simplicity in data delivery marries well with our own view of data. Data drives better decisions so we are pleased to be making our data easily available through Datarade.” - Andy Woolmer, CEO, NCFX.
NCFX data is used by central banks, sovereign wealth funds, banks, brokers, asset managers, family offices, and corporations in order to measure and control FX costs. NCFX enables its clients to identify where ticks are being lost: the first step to saving fractions of a tick through a well-managed FX execution process. This process relies on transparent data which is not derived from the trading platform. NCFX connects users to independent data to enable measurable and manageable FX trading solutions.
“We’re excited to welcome NCFX onto Datarade’s marketplace. Traders and investors are increasingly turning to external, independent data to refine their strategies, and NCFX’s data is meeting this demand for reliable, live FX insights. We’re looking forward to working with NCFX to make their data readily accessible to clients worldwide.” - Richard Hoffmann, Co-Founder & CCO, Datarade.
NCFX also supplies Benchmarks for options cuts (the DVNC Options Benchmark). NCFX’s Benchmarks offer an alternative benchmark to the WMR fix called the SIREN Benchmark and currency performance indices called the NCFX Currency Beta Index.
About New Change FX
New Change FX (NCFX) was founded in 2012 to bring better analytics to the FX industry and is headquartered in London, UK. Over the last 8 years the business has grown into a data and analytics business delivering high-quality data to the FX market place. NCFX’s analytics have evolved to be market leading and the company’s data is widely embedded in efficient trading processes. NCFX’s goal is to support the ambitions of global regulators in informing and improving the execution outcomes for buy-side firms trading FX, and equally for sell-side firms to assist in this process and improve their own trading experiences.
Name: Peter Harwood, Commercial Director
Address: London, England
Datarade is the world’s fastest-growing e-commerce platform for data. With a persistent focus on crafting the ultimate data shopping experience, Datarade has helped thousands of data buyers find the right data for their business, effortlessly. More than 2,000 data providers across 300+ data categories are already listed on Datarade, enabling organizations across industries to connect with trusted providers and access the best datasets and APIs. Datarade was founded in 2018 and is headquartered in Berlin, Germany.
Name: Lucy Kelly
Address: Brunnenstr. 196, 10119 Berlin, Germany