Xavier Porterfield is Head of Research at NewChangeFX an independent data and analytics firm that provides the world’s first regulated and independent real-time Foreign Exchange mid-rate benchmarks.
Xavier’s research work at NewChange FX focuses on market micro structure and benchmarks, providing price transparency and Transaction Cost Analysis services to FX market participants. Xavier has over 20 years experience in FX Markets, working in a variety of research advisory and sales roles, most notably for 11 years with FX Concepts, a New York based currency investment and research firm which closed in 2013. When Xavier joined FX Concepts (in 1998) the institutional FX market was still dominated by FX dealer banks that retained exclusive rights to market rates. Non bank (buyside) firms had no access to identify the market clearing price either to check the fairness of the prices being quoted them, or the ability to trade on interdealer rates.
Technology and credit innovation have gone a long way to diminish the disadvantes that FX consumers face when coming to the FX market, but there is still a long way to go to establish a fair and effiicient FX market.
Xavier became involved with Transparency Task Force at an early stage as the mission of TTF – promoting transparency and fairness in Financial Markets aligns perfectly with Xavier’s personal and business values. Xavier is a CFA charter holder and is a member of CFA France’s advocacy committee as the product specialist for FX.