New Change FX to supply independent rate to Jyske Bank

Danish bank will use provider’s independent FX data for better analytics

Andy Woolmer: “This decision to allow the Jyske service to be independently measured speaks volumes about the confidence Jyske has in their service”

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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