FXDD to Buy MahiFX UK Retail FX Business and FCA License
- According to the FCA register, FXDD has been trading under MahiFX’s license since February.
MahiFX, which revealed that it was selling its retail foreign exchange (forex) trading operations yesterday, has managed to find a buyer for its United Kingdom operations - an institutional and retail FX broker, FXDD.
As Finance Magnates reported yesterday, MahiFX Group is selling its retail FX trading businesses in the United Kingdom, Australia, and New Zealand, along with the licenses attached to them.
When Finance Magnates reached out to MahiFX yesterday in response to the news it was selling its trading operations; a spokesperson did confirm that it already had buyers for its Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) licensed entities, with the sales expected to close in the upcoming weeks.
However, according to the FCA register, FXDD has been trading under MahiFX’s license since February 18, 2019. This suggests that FXDD is the buyer of its FCA-authorised brokerage.
Finance Magnates reached out to confirm the details displayed on the FCA register. However, MahiFX was not willing to comment.
MahiFX is Refocusing its Attention on Technology
As reported yesterday, MahiFX made the decision to sell off its retail trading businesses in order to refocus its attention on its core competency, a business-to-business technology provider for banks, brokers and financial institutions.
The strategic decision from the company comes as the retail trading industry is becoming more sophisticated and more strictly regulated, particularly in Europe, therefore, demand for high-performing analytics, greater control and differentiation of pricing is growing.
According to the statement released yesterday, it is here, that the FX firm will be focusing its attention on. It will achieve this by continuing to create and provide institutional-level products that offer advanced solutions to all e-FX businesses.
Current products offered by MahiFX include its pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term engine MFX Compass, algorithmic execution command center MFX Vector and MFX Echo, a trade analysis, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term visualization, and price-explain tool.
MahiFX, which revealed that it was selling its retail foreign exchange (forex) trading operations yesterday, has managed to find a buyer for its United Kingdom operations - an institutional and retail FX broker, FXDD.
As Finance Magnates reported yesterday, MahiFX Group is selling its retail FX trading businesses in the United Kingdom, Australia, and New Zealand, along with the licenses attached to them.
When Finance Magnates reached out to MahiFX yesterday in response to the news it was selling its trading operations; a spokesperson did confirm that it already had buyers for its Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) licensed entities, with the sales expected to close in the upcoming weeks.
However, according to the FCA register, FXDD has been trading under MahiFX’s license since February 18, 2019. This suggests that FXDD is the buyer of its FCA-authorised brokerage.
Finance Magnates reached out to confirm the details displayed on the FCA register. However, MahiFX was not willing to comment.
MahiFX is Refocusing its Attention on Technology
As reported yesterday, MahiFX made the decision to sell off its retail trading businesses in order to refocus its attention on its core competency, a business-to-business technology provider for banks, brokers and financial institutions.
The strategic decision from the company comes as the retail trading industry is becoming more sophisticated and more strictly regulated, particularly in Europe, therefore, demand for high-performing analytics, greater control and differentiation of pricing is growing.
According to the statement released yesterday, it is here, that the FX firm will be focusing its attention on. It will achieve this by continuing to create and provide institutional-level products that offer advanced solutions to all e-FX businesses.
Current products offered by MahiFX include its pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term engine MFX Compass, algorithmic execution command center MFX Vector and MFX Echo, a trade analysis, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term visualization, and price-explain tool.