Welcome!

News Feed Item

MahiFX Launches MFX Compass e-FX Suite for Banks

LONDON and CHRISTCHURCH, New Zealand, February 27, 2014 /PRNewswire/ --

Institutional clients now have instant access to an integrated solution to profitably internalise e-FX flows, including price formation, portfolio based skewing, optimised hedging, comprehensive analytics and rate customisation.

MahiFX Ltd, the foreign exchange (FX) technology provider, today announced the launch of 'MFX Compass', the most comprehensive and advanced electronic FX trading technology and support framework for banks and brokerages.

     (Logo: http://photos.prnewswire.com/prnh/20140227/672173 )

The system architecture features a comprehensive suite of components to optimise FX pricing, control risk, produce the analytics and permit granular price customisation to allow institutions to confidently internalise foreign exchange flow. Straightforward to implement or integrate into legacy systems, MFX Compass provides institutional clients fast access to a scalable e-FX trading business while minimizing development costs, framework complexity and time to market.

MahiFX and MFX Compass is headed by David Cooney, former global co-head of e-FX trading at Barclays Capital, and Susan Cooney, former head of e-FX Institutional Sales in Europe for Barclays Capital.

"Internalising flow, at the right rate, is key to increasing profitability and market share," said David Cooney, CEO MahiFX. "But it's a tough puzzle. Assembling the teams to build an internal solution is expensive, and sometimes, where is has been attempted, the results have been less than hoped for. Compass provides a proven solution - the technology and advice on its operation - with minimal lead time and variable, performance based costs."

MFX Compass technology and support framework enables:

  • Price formation
  • Portfolio based skewing
  • Algorithmic hedging
  • Risk and real time analytics
  • System administration, spread setting, visualisation of trades
  • Rate dissemination - both GUI and FIX
  • Complete partnership in monetizing the business

"MFX Compass is an evolution of the expertise we gained in the interbank sector.  On an outsourced basis we provide partner institutions with the specialist competence in technology and business support to enhance their e-FX business, a competitive advantage previously enjoyed by only a handful of Tier 1 banks. And we consider it a true partnership. We don't just install software and walk away, we help the client to then monetise and evolve their e-FX business."

For further information and to discover why MFX Compass has already been selected by major banks please visit: http://mfxcompass.mahifx.com/

Notes for Editors: 

About MFX Compass

Drawing on more than five decades of collective interbank experience in the disciplines of coding, quantitative analysis, trading and sales, MFX Compass provides banks and businesses with the most comprehensive and technologically advanced e-FX technology systems, connectivity, infrastructure and support required to optimise their FX trading business.

From highly optimised price formation, risk analysis, analytics and quantitative expertise to advice on distribution and calibration, institutional clients now have rapid access to a complete, highly-competitive, best execution efficiency e-FX business, enabling them to achieve the same level of success as e-FX leading banks, at a fraction of the time and cost.

MahiFX global operations are headquartered in Christchurch, New Zealand with offices in London, UK. The company is regulated by The Australian Securities and Investments Commission (ASIC), Australia's corporate, markets and financial services regulator with FCA approval and regulation pending.

About MahiFX

MahiFX provides retail foreign exchange clients direct access to institutional level execution speeds and spreads through its proprietary-built fully automated pricing and risk management technology. Prices are tradeable - there are no 'from' prices, hidden costs, slippage, re-quotes or minimum trade sizes. The platform is available for desktop, web, MT4 and mobile trading.

Contact:
EMEA: Bonnie Cassidy
T: +44(0)20-3574-4045
E: [email protected]

AsiaPac: Tony Bell
T:  +64-3-943-0104
E:  [email protected]

For media inquiries:
Michele McDermott-Fox
T: +44(0)1625-502545 | M: +44(0)7729-501-369
E: [email protected]

https://twitter.com/MahiFX
https://www.youtube.com/user/MahiFXTV
http://www.linkedin.com/company/mahifx
https://mahifx.com/blog/feed.xml
https://plus.google.com/+Mahifx/about

SOURCE MFX Compass

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.