New Change FX is an FCA-authorised benchmark administrator.
We produce and publish the world’s only continuous, officially regulated benchmark rates for Spot and Forward FX.
World’s best FX benchmarks, forward solutions, and trusted crypto data
Delivering cost savings, sharper pricing, and greater operational efficiency for FX and Digital Asset markets.
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Independent benchmarks you can trust.
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We have no trading book, no conflicts of interest, and no incentive to shade our numbers. Just clean, regulated, real-time data.
01
Truly Independent.
We don't trade. We don't have a sales desk. Our only product is accurate, unbiased data, which means our incentives are perfectly aligned with yours.
02
FCA-Regulated
As an FCA-authorised benchmark administrator, our rates meet the gold standard for regulatory compliance — including BMR, MiFID II, and EMIR requirements.
03
Real-Time, Continuous Rates
Unlike periodic fixings, NCFX rates are live and continuous — giving you an accurate picture of the market at any moment, not just at the 4pm fix.
04
Proven Cost Savings
Our clients consistently identify and recover significant hidden transaction costs ,often equivalent to multiples of their data subscription fee.
"ForexClear has used the NCFX price feed since 2018 and supports automating FX expiries. With 2025 YTD ADV at $27.97bn—up over 100%—we look forward to expanding partnerships in deliverable FX"
LCH
Laura James
“NCFX Forwards365® provides an independent view of the curve to aide in pre-trade price discovery and optimal date selection when rolling positions. Their data adds value in our process and helps give us increasing clarity into where the market is trading.”
T. Rowe Price
Eric Brown
“NCFX is a highly valued part of the Chainlink network, delivering fast, accurate, and reliable forex and crypto prices to our Data Feeds and Data Streams."
ChainLink Labs
Will Janensch
Our Awards
At New Change FX, we’re proud to be an award-winning fintech, recognized across the industry with honors including the Pan Finance Awards, the FX Markets e-FX Awards, and the IMD/IRD Award for Best Data Analytics Initiative.
Our Solutions
01
Data
Our FCA-regulated benchmark data empowers our customers to navigate the complex and opaque world of foreign exchange.
02
Analytics
NCFX offers a suite of advanced post- and pre-trade tools that allow our clients to evaluate FX trading costs and navigate towards optimal execution.
03
Bespoke Benchmarks & Indices
Drawing on our unique data sets, sophisticated tools, and deep foreign exchange experience, we drive innovation and transparency. We work with our clients to create tailored solutions to address their foreign exchange challenges.
04
Crypto Data
Drawing on our unique data sets, sophisticated tools, and deep foreign exchange experience, we drive innovation and transparency. We work with our clients to create tailored solutions to address their foreign exchange challenges.
Our Mission
Our mission is to use our unique data sets, financial theory, and our unparalleled experience to shine a light on the true cost of trading foreign exchange so our customers can drive down their trading costs and improve their performance.
We are dedicated to raising the standard of TCA so our clients can accurately review their past foreign exchange activity, whilst also pioneering predictive analytics so our clients can optimise execution.
We have an unashamed bias towards those trying to promote fairness and transparency. Our analytics and tools help to redress the imbalance between insiders and outsiders in the foreign exchange market.
Shining a light on the true costs
of trading foreign exchange.
