About Raidne, the inventor of SIREN. Raidne was founded in 2016 to offer independent quantitative FX surveillance to the sell-side and buy-side and is headquartered in London, UK. Providing metrics which measure spread analysis, arrival price, implementation shortfall, market impact, information leakage and liquidity provider ranking, as well as more advanced analytics to detect benchmark manipulation, last look, front running and spoofing. It is headed by Dr. Jaime Walton, the former head of FX and rates quant at Morgan Stanley. Jamie spent 18 years as a senior quant at UBS, BNP Paribas and Morgan Stanley. Jamie is also a fellow of Mathematics at UCL and has written academic papers on electronic trading.
Learn more about Raidne www.raidne.com
About New Change FX, the data provider and benchmark administrator. New Change FX is an award winning fintech company that specializes in delivering price transparency to the FX markets. New Change FX was founded in 2012 and is headquartered in London, UK. Since inception, the business has grown into a data and analytics business delivering high-quality data to the FX market place. NCFX’s analytics have evolved to be market leading and the company’s data is widely embedded in efficient trading processes. NCFX’s goal is to support the ambitions of global regulators in informing and improving fx execution outcomes. New Change FX is the benchmark administrator for the SIREN benchmark.
Learn more about New Change FX www.newchangefx.com
The SIREN benchmark is designed to protect the interests of parties engaged in foreign currency transactions by providing benchmark rates that are fair and independent. It grew out of Raidne’s analytics work in the fx markets. New Change FX is the only ESMA registered and FCA authorized administrator of live spot FX benchmarks. The SIREN benchmark is published every 30 minutes throughout the trading week for nearly 70 FX spot pairs. The SIREN Benchmark has been live since September 2019.
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