MahiFX has appointed former Morgan Stanley Head of e-FX Europe Guy Hopkins to head the company’s sales of its MFX Vector platform. The product is designed to facilitate buy-side order management and provide insight into the execution of the trades.
Alongside its cost of trading analysis tool MFX Vector, MahiFX is undertaking a business refocusing effort to popularize its institutional e-FX engine MFX Compass and its MT4 based retail trading solution MFX Trade.
Hopkins will also be involved in the development and the management of the product to ensure that it meets the needs of clients.
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The Head of Sales at MahiFX, Tom Robinson, commented on the new appointment: “MFX Vector is an innovative FX trading platform that is being welcomed by the buy-side firms that have the goal at reducing transaction costs by becoming market makers themselves. We are incredibly pleased to welcome Guy onto the team; his extensive experience and industry knowledge will be a real driving force behind MFX Vector and we’re confident that the product is in the safest hands.”
MFX Vector enables buy-side clients to access a product that has previously only been available to top-tier banks. For the first time, users are able to place orders with the knowledge and security that they will not be adversely affected, something that until now has only been available to the largest banks in the world.
Before joining Morgan Stanley, Hopkins spent several years at Bloomberg, eventually reaching the position of Head of FX Electronic Trading.
Commenting on the matter, Hopkins said: “At a time of rapid and unprecedented change in FX it is exciting to be at the very forefront of technological innovation, working alongside some of the most respected names in the industry.”