New Change FX (NCFX) today announced the release of a new and independent FX Transaction Cost Analysis (TCA) tool on the Microsoft Office Store. The tool:
Andrew Woolmer, CEO of NCFX said: “Our new TCA tool enables users to accurately assess their FX costs against an independent FX rate without sensitive trading information leaving their business environment. This tool allows clients to separate FX execution from the assessment of FX costs so that each platform, bank, broker or execution algorithm used in the execution process can be assessed and directly compared. The tool also enables the control and compliance functions to monitor the activity of the trading team against independent data that cannot be manipulated.”
The NCFX tool is available for a trial period as a free download for users of Microsoft Office 2013 via the Microsoft Office Store.