
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics

Denmark’s third-largest bank, Jyske Bank, has signed independent data and transaction cost analysis (TCA) provider New Change FX to measure the quality of its foreign exchange flows against data that is separate from its liquidity stream.
NCFX calculates a Financial Conduct Authority regulated, independent mid-rate for 2,500 currency pairs in the spot and forwards markets. Transactions can be measured against this, enabling customers to understand and measure FX costs against benchmark rates
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