New Change FX Benchmarks Available on Lucera Connect Network

New Change FX, an independent data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term business, announced this Thursday that its regulated foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) benchmarks and other data products are now available on the Lucera Connect network.

Lucera is one of the leading technology service providers in the electronic FX industry. Its network consists of many different forex market participants and venues. The partnership will allow clients of Lucera Connect to have access to New Change FX’s solutions, as well as allow workflow integration to LumeFX deployments.

New Change FX provides a live spot FX benchmark that has been authorized by both the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA). The company also offers other consolidated forex reference rates.

New Change FX sees increasing demand for products

Andy Woolmer, the Chief Executive Officer (CEO) of New Change FX, said: “We are seeing increasing demand for our regulated FX data to enable live performance checking of price formation for both makers and takers."

“This service enables price providers to deliver real-time transparency through benchmarked execution to asset managers and asset owners and facilitates ‘In flight’ execution analytics. We are delighted to be partnering with Lucera, who have built a large and diverse network of FX market participants and venues. They share our vision of real-time data analytics.”

Lucera is not the first to onboard New Change FX’s services. As Finance Magnates reported, Record Currency Management Limited (Record) announced that it had partnered with New Change FX. The partnership will allow Record to give its clients further transparency and reduce their transaction costs.

“As the industry becomes increasingly electronic and data driven, real-time connectivity to data products like those offered by NCFX is key to building and maintaining a successful FX business,” added Frank van Zegveld, Managing Director Sales and Business Development at Lucera

“ From ensuring quality and efficiency of execution to fulfilling regulatory demands this data is invaluable. Andy and his team have an innovative product development pipeline and an expanding set of use cases for all market participants.

“We are delighted to welcome NCFX to our extensive FX community and look forward to working together to provide best in breed connectivity and data solutions.”