New Change FX releases regulated FX Forward Benchmarks

New Change FX (NCFX) has announced the release of a family of regulated Foreign Exchange (FX) benchmarks for the forward foreign exchange markets. The new Forward Benchmarks complement...

First Published by e-Forex News: September, 2020

Andy Woolmer
Andy Woolmer

New Change FX (NCFX) has announced the release of a family of regulated Foreign Exchange (FX) benchmarks for the forward foreign exchange markets. The new Forward Benchmarks complement the Spot FX Benchmarks that NCFX have published since 2018. The live streaming forward FX benchmarks are published for standard tenors. NCFX have created a publicly available interpolation standard and a Benchmark Curve so that users are able to identify a benchmark exchange rate for any given trading date.

Andy Woolmer, Chief Executive of NCFX, said, “The creation of forward benchmarks and a benchmark curve is a significant change for the market. It has not been possible to accurately separate out the skew of individual bank pricing and understand the cost of trading in FX forwards until now. The benchmark family means that FX forward users can now access a reliable set of benchmarks that explain their execution costs better than ever before”.