New Change FX, or NCFX, stands as an independent analytics and data business. NCFX has recently made a partnership with EOSE, set to strengthen the TCA and FX Data tools and their distribution even further.
TCA Clients Benefiting From Partnership
NCFX gave a description of what this partnership will entail by way of a blog post. The company will be provided with an expert team of business development and data sales professionals by EOSE. Through this collaboration, NCFX will be capable of dedicating its resources to core business strategy development.
With this partnership, both post- and pre-trade TCA clients will be benefited from enhanced transaction cost monitoring should they trade in FX markets. FX investors will be allowed to gain a greater understanding of the liquidity environment as well as better manage volatility with this new upgraded service. This, in turn, will improve the FX trading strategies and reduce the trading costs of these investors.
Enhancing The Efficiency Of Trades
NCFX stands as a provider of FX live spot benchmark, boasting the authorizations of both the UK’s Financial Conduct Authority (FCA) and the EU’s European Securities and Markets Authority (ESMA). Alongside this, NSFX also boasts an offering of consolidated reference rates for FX.
NCFX users, through the models its APIs provide, are capable of forecasting the effects trading can have. As such, their execution strategy can be subsequently adjusted in order to increase the efficiency of their respective trades.
The Mandatory Kind Words
Suzanne Lock stands as the CEO and founder of EOSE, and expressed her firm’s joy to work alongside NCFX, describing the new data provider as “exciting.” Lock stated that, much like many of the firm’s other partners, NCFX provides a highly desirable, unique data set, one Lock stated EOSE knows market participants would find great interest in.
Lock described NCFX as dedicated to the creation of a transparent, efficient market that is universally fair. As such, Lock stated her company’s delight to serve as an integral part of this business development journey of theirs.
Andrew Woolmer stands as the CEO of New Change FX, in turn. He explained that the deep industry understanding that EOSE holds, alongside a proven capability in business development, were key factors regarding engaging in this partnership.
Woolmer went further, highlighting the relevance of the regulated benchmark data NCFX provides to the world’s corporations and investors.
He stated that his firm is convinced that this partnership will allow NCFX to streamline its goal to provide its analytics and data services to the world at large. He ended the statement by expressing his eagerness to achieve great things with the help of EOSE.