|By PR Newswire||
|February 28, 2014 08:00 AM EST||
LONDON and CHRISTCHURCH, New Zealand, February 28, 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.
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.
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.
EMEA: Bonnie Cassidy
E: [email protected]
AsiaPac: Tony Bell
E: [email protected]
For media inquiries:
E: [email protected]
SOURCE MFX Compass
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 1, 2015 11:45 PM EDT Reads: 393
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Sep. 1, 2015 11:45 PM EDT Reads: 539
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
Sep. 1, 2015 11:00 PM EDT Reads: 508
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 1, 2015 08:15 PM EDT Reads: 420
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Sep. 1, 2015 07:00 PM EDT Reads: 272
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Sep. 1, 2015 06:45 PM EDT Reads: 477
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Sep. 1, 2015 04:30 PM EDT Reads: 389
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Sep. 1, 2015 04:15 PM EDT Reads: 436
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Sep. 1, 2015 04:00 PM EDT Reads: 212
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Sep. 1, 2015 04:00 PM EDT Reads: 197
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Sep. 1, 2015 03:00 PM EDT Reads: 512
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 1, 2015 03:00 PM EDT Reads: 443
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 1, 2015 02:45 PM EDT
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Sep. 1, 2015 02:45 PM EDT Reads: 169
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Sep. 1, 2015 02:30 PM EDT Reads: 215