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.
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.