New Change FX (NCFX) is an authorised benchmark calculation agent under ESMA rules, regulated by the FCA. NCFX produce live FX benchmarks across spot and forward markets, as well as reference data feeds for Non-Deliverable Forwards and other less widely traded markets. NCFX data is of the very highest quality and provides users with a source of independent information for valuations, calculations related to portfolios such as margin calls and the calculation of FX costs.