MahiFX Gets FCA Authorization, Adding a Third Regulatiory Jurisdiction
- The technology provider has acquired a principal and agent license from the FCA.
London based financial technology provider MahiFX has officially announced that the company is now authorized by the UK Financial Conduct Authority (FCA). The move adds a third jurisdiction in which the company is regulated, after Australia and New Zealand.
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Commenting on the matter, the Compliance and Finance Manager of MahiFX, Nicole Vivian, said: “As a regulated entity, MahiFX is required to meet strict financial standards, including capital adequacy requirements. On a regular basis, MahiFX is required to submit financial reports to regulators and must meet the highest standards of corporate governance, financial reporting and disclosure.”
The London Summit 2017 is coming, get involved!
"We are providing services to a range of FCA regulated brokers, and as a technology provider we thought it was important to comply with the same standards as them. Authorisation from the FCA also reinforces our status as a business that prioritises integrity, honesty and security. We hope that our new membership demonstrates this to both present and future clients,” the company’s CEO David Cooney said in the official announcement.
Official information in the FCA’s register shows that the company is allowed deal in investments as an agent and as a principal for professional and retail clients. The license includes commodity futures and options, CFDs, futures, options rights, spot FX and spread betting.
MahiFX has been providing its technology to a range of eFX clients with the company’s core products MFX Compass and MFX Vector. The tools have been widely used to optimize costs and manage risks by electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term brokers. The company also offers its proprietary Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, MFX Trade.
London based financial technology provider MahiFX has officially announced that the company is now authorized by the UK Financial Conduct Authority (FCA). The move adds a third jurisdiction in which the company is regulated, after Australia and New Zealand.
[gptAdvertisement]
Commenting on the matter, the Compliance and Finance Manager of MahiFX, Nicole Vivian, said: “As a regulated entity, MahiFX is required to meet strict financial standards, including capital adequacy requirements. On a regular basis, MahiFX is required to submit financial reports to regulators and must meet the highest standards of corporate governance, financial reporting and disclosure.”
The London Summit 2017 is coming, get involved!
"We are providing services to a range of FCA regulated brokers, and as a technology provider we thought it was important to comply with the same standards as them. Authorisation from the FCA also reinforces our status as a business that prioritises integrity, honesty and security. We hope that our new membership demonstrates this to both present and future clients,” the company’s CEO David Cooney said in the official announcement.
Official information in the FCA’s register shows that the company is allowed deal in investments as an agent and as a principal for professional and retail clients. The license includes commodity futures and options, CFDs, futures, options rights, spot FX and spread betting.
MahiFX has been providing its technology to a range of eFX clients with the company’s core products MFX Compass and MFX Vector. The tools have been widely used to optimize costs and manage risks by electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term brokers. The company also offers its proprietary Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, MFX Trade.