NCFX Partners with Ventriks
Posted by Colin Lambert. Last updated: March 28, 2023
Cloud-based data technology company Ventriks has announced a new partnership with New Change FX (NCFX) to deliver benchmark rates for spot and forward FX to the Ventriks Market Data Platform and data marketplace.
The firms say users will be able to access real time streaming benchmarks and reference rates for FX, precious metals and crypto markets “to help customers navigate the complex and opaque world of foreign exchange”.
Ventriks Data Platform is a cloud-native and cloud-agnostic solution, built, the firm says, “for data teams by data teams”. It enables users to work and collaborate with any data, unbounded by scale, performance, and flexibility. The data marketplace provides data partners the opportunity to attract and engage with a wider audience and our clients to have a better experience in sourcing, monetising, procuring, and sharing data content., the firm adds.
“With the global FX market trading over $6 trillion daily, demand for real-time, accurate, and reliable FX data is at an all-time high,” says Richard Quigley, CEO of Ventriks. “NCFX’s offering provides traders, investors, and financial institutions with access to live FX rates, a suite of advanced analytics, and historical data, enabling them to make informed trading decisions in real-time.”
Paul Lambert, NCFX CEO, adds, “Our partnership with Ventriks represents an important milestone for NCFX as we look to expand our coverage to include businesses from the energy and commodity markets. This fits well and advances our strategy to partner with other leading companies to provide solutions that meet the evolving needs of the global business community. This underscores our commitment to enable customer flexibility and choice with a seamless experience across cloud platforms and data marketplaces.”