MahiFX Launches its MFX Vector Service For Buy-Side Clients

MahiFX has enhanced its product suite with the MFX Vector platform, a new solution designed to better control spreads.

MahiFX has built upon a diverse offering suite of services and products, having launched its new MFX Vector platform for buy-side clients. MFX Vector represents MahiFX’s latest efforts to optimize spreads and spot FX orders, with specific emphasis on new risk management techniques, per a recent MahiFX statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

MahiFX is a New Zealand-based provider of foreign exchange solutions and other products catering to both institutional and individual clients. The group’s three main products entail MFX Compass, an institutional e-FX engine, MFX Trade, a proprietary retail trading platform, and most recently, and now MFX Vector, a buy-side order management system.

One of the primary attributes of MFX Vector is its extension of benefits to additional types of clients and venues, not just tier 1 banks, given its utilization of the company’s market making technology. In particular, MFX vector will help clients dictate control and more latitude over earning spreads, boasting a number of features such as in-depth analytics that are aimed to bring to light more transparent execution.

Suggested articles

$100,000 Battle: PrimeXBT Debuts New Contests ModuleGo to article >>

MFX Vector will be available via MahiFX’s e-FX Engine Room, the group’s new effort to aggregate software and solutions for both businesses and individuals in the e-FX space.

David Cooney, CEO, MahiFX

According to David Cooney, Chief Executive Officer (CEO) of MahiFX, in a recent statement on the launch: “The e-FX Engine Room has been a work in progress for some time now, and we’re thrilled to finally be able to show it off. MahiFX has always been about bringing a fresh, innovative approach to the provision of e-FX products at a fraction of the cost.”

“Between us, we’ve got decades of experience in the industry. This means we’re not only able to build these systems, but we can also advise on how to maximise their efficiency, which places us in a rather unique position that we think many will benefit from. With the arrival of MFX Vector, we’re confident that, more than ever, we’ve got a very comprehensive suite of products that will reduce costs and improve flow for a huge number of businesses,” he added.

“We are really excited at the launch of MFX Vector tonight. Empowering the buy side with a rigorous approach to FX execution, reducing costs and providing an independent transparent framework to assess their true cost of trading. This ultimately benefits asset managers and their end clients,” reiterated Tom Robinson, Head of Sales at MahiFX, in an accompanying statement.

Last month, MahiFX made headlines after it entered in a partnership with CFH Clearing to help optimize risk management and price formation, focusing on its MFX Compass solution.

Got a news tip? Let Us Know