RBS chooses New Change for TCA FX tool

The RBS has chosen New Change Currency Consultants Ltd to deliver a way for large corporate and financial institution customers to measure “slippage”

First Published by e-Forex News: March, 2016

Andrew Woolmer
Andrew Woolmer

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 customers to measure “slippage” and run a portfolio analysis of their currency trades against NCFX mid-market rate data. The NCFX mid-market rate data is available through a Transaction Cost Analysis (TCA) application on RBS’s Agile Markets digital platform. Andrew Woolmer, CEO of NCFX, said: “NCFX believes that this is a significant step forward for the clients of RBS seeking enhanced transparency and objective measurement in their FX execution. By providing the tools to measure costs objectively, independent transaction cost analysis can be performed.”