Insanity Defined.
Always ready with a handy quote, Einstein defined insanity as ‘doing the same thing over and over again and expecting different results.’ I don’t know if that is quite the perfect clinical definition,...
View ArticleNCFX 4pm Fix Research
NCFX 4pm The post NCFX 4pm Fix Research appeared first on New Change FX.
View ArticleUp for the cup!
New Change FX are absolutely delighted to have been short-listed for the FX Week e-FX Awards in the category of e-FX initiative of the year! Thanks for thinking of us, and if we win, we promise not to...
View ArticlePutting Lipstick On A Pig
Since the FEMR discussion, a number of people have contacted us to ask if the 4pm fix is now mended. Certainly not is our answer. Whilst lipstick might suit the incomparable Miss Piggy, it doesn’t...
View ArticleWinners! e-FX Initiative Of The Year.
We are really delighted and very proud to have won the FX Week e-FX Initiative Of The Year award. Please find attached a copy of an interview with FX Week given by Andy Woolmer, MD of New Change FX....
View ArticleGood as new Guv’nor…
Two news items struck us as being worth of note in the last 24 hours, quite aside from the magnificent Aussie batting collapse at Edgbaston. Given that banks and brokers are busily telling everyone...
View ArticleGo Directly To Jail…
So it seems that British courts are deadly serious about the issue of market rigging as the first sentence to be handed down is a hefty 14 years to Tom Hayes (http://bit.ly/1KM9JAC). No doubt there...
View ArticleClik here to view.
X-Men Explain High Frequency Trading.
It seems to us that if you don’t understand something, then the X-Men and women can most probably help. In this case, ‘Quicksilver’ helps to explain what speed is, and shows us why it might be...
View ArticleRBS partners with New Change to deliver independent TCA FX tool
London, 18 January 2016 The Royal Bank of Scotland plc (“RBS”) has chosen New Change Currency Consultants Limited (“NCFX”) to deliver an independent way for large corporate and financial institution...
View ArticlePete Eggleston on Independence
Take a look at this great article on independence of data by Pete Eggleston, the recently departed head of QSI at Morgan Stanley. The post Pete Eggleston on Independence appeared first on New...
View ArticleClik here to view.
Still Drinking Your Own Bathwater?
Some thoughts on hygienic rate measurement! Drinking Your Own Bathwater The post Still Drinking Your Own Bathwater? appeared first on New Change FX.
View ArticleFX Week TCA Provider of the Year
We are delighted to have won the FX Week award for the Best TCA Provider. That makes it two years in a row that we’ve been honoured to receive an award from FX Week. So many thanks to them. We...
View ArticleForeign Exchange Transparency In Difficult Times
We’ve heard a great deal about liquidity in FX markets recently. It’s vanishing at a rate of knots, according to some. According to us, it was never really there. It suits certain market...
View ArticleClik here to view.
Quo Usque Tandem Abutere, Oh WMR, Patientia Nostra
How long, oh WMR, will you keeping on trying our patience? Cicero’s opening line in his denunciation of Cataline may seem an odd way to comment on the arrest of an FX trader accused of wire fraud in...
View ArticleClik here to view.
FX Benchmarks. Everyone’s a loser baby.
FX is back in the headlines, but the issue is the same as ever. A bank, or rather the staff at a bank, stand accused of manipulating the FX markets to profit from an unsuspecting client’s FX need. Why...
View ArticleClik here to view.
What Your Benchmark Won’t Tell You.
The Investment Association has recently drawn attention to the question of implicit, or hidden fees in asset management. The IA’s report, Investment Costs and Performance: Empirical Evidence of UK...
View ArticleClik here to view.
FX Transaction Cost Analysis defined by European Regulators
Foreign Exchange Transaction Cost Analysis (TCA) has historically been an ill-defined topic, with suppliers offering subjective interpretations according to their own goals. In addition, many asset...
View ArticleFX TCA: The Regulators Speak.
Foreign Exchange and the Transaction Cost Analysis obligation. The world of Transaction Cost Analysis (TCA) has now been greatly simplified by the regulators, with a clear and simple definition that...
View ArticleESMA updates the PRIIPS rules
New Change FX (NCFX) welcomes the recent confirmation of the PRIIPS rules on FX transaction cost analysis (TCA). Andy Woolmer, CEO of NCFX said: “This FX TCA clause provides a clear and firm basis on...
View ArticleMiFID 2 and your FX execution policy.
They unbridled joy of reading MiFID 2 in full should not be missed, but in case you’re a little busy with other things, here is the NCFX summary of the key points from MiFID 2 (and a few other pieces...
View Article
