New Change FX
P2P platforms look to bring banks into the fold
The USP of peer-to-peer FX matching venues is that they cut out the middleman. So why are they now inviting them in?
FX aggregators flirt with scrutiny over brokerage charges
Making dealers pay for trades raises ‘payment for order flow’ questions
Siege FX to roll out peer-to-peer netting
FX space is now ready for such a service, says technology provider
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Record hires New Change FX for TCA
The specialist currency manager engages independent data and transaction cost analysis provider
Awards: New Change FX
New Change FX has been voted Best FX Transaction Cost Analysis Provider at the 2018 FX Week e-FX Awards
Johnson's attorneys seek home confinement
US digs in heels over prison term; family and friends say former trader’s punishment began at his arrest
Market participants call for more TCA disclosures
The cost of TCA is negotiable, but the billing method should be disclosed, says one market participant
FCA approves New Change FX for benchmarks
NCFX becomes first benchmark administrator for live FX spot markets under EU regulation 2016/1011
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
EC draft rejects single source data model for TCA
Under the proposed RTS for the EU’s Priips, financial firms will not be able to use a single source of data to compile transaction cost analysis
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
Banks have huge opportunity to capitalise on balance sheets
Several banks have started to push into the currency management and overlay space to challenge incumbents
Regulators fail to address key issues in FX, participants say
While they see some positives they believe there's still oo many practices open to abuse
Best Transaction Cost Analysis Provider: New Change FX
Independence and data security score a win for the firm as it rolls out TCA app
Global Code must acknowledge inherent conflict in FX
Critics say the FX market is essentially full of contention and a prescriptive approach is needed
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades