New FX transaction cost analysis tool released

Originally published on 25 April 2016

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:

  • Is delivered in Microsoft Excel for maximum convenience
  • Uses NCFX’s award winning independent FX data to ensure objective measurement with no circular referencing
  • Keeps all the client’s trading data securely within the client’s own infrastructure – no data ever leaves to ensure maximum trade information security
  • Provides results as both USD costs and Basis Point costs
  • Costs a fraction of other less independent TCA tools

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.