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Metzler Hires New Change FX for TCA
Metzler Capital Markets, a German-based currency management firm, has selected New Change FX as their independent partner for analysing transaction costs. New Change is a UK company that calculates an independent live reference mid-rate for all currency pairs, with the aim of enabling market users to measure the full cost of their foreign exchange execution. “By working with New Change FX, we are able to measure transaction costs against an independent benchmark,” says Simon Wesch, senior currency manager at Metzler. “This justifies the trust our customers place in us in currency management. We not only apply best price execution, we also prove it.”

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