One of the biggest players in the provision of liquidity services to foreign exchange and CFDs brokers, and one of the most prominent multi-asset Straight Through Processing (STP) trading venues, CFH Clearing, has unveiled a new partnership that could further boost the solid multi-asset offering of the company. Through its partnership with MahiFX, CFH boosts its offering and can enable a more brisk competition with the big banks dominating the foreign exchange market.
MahiFX has developed an institutional product that the company developed to optimize risk management and price formation. MFX Compass is putting smaller eFX market players and liquidity providers on par with the technological resources of the big banks that for years have had the upper hand when it comes to price formation and risk management.
MFX Compass adds to the mix effective risk management to optimize the trading decisions for CFH’s clients
The product is designed to bridge the technological resources gap between the top tier banks on one side and second tier dealers, brokerages and institutional clients on the other. By bringing the solution into its offering and combining it with CFH ClearVision, CFH Clearing is opening a new door for institutional clients.
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Commenting to Finance Magnates a spokesperson from CFH Clearing stated: “We have a wealth of experience building highly performant systems to allow efficient pass-through execution and getting crafted liquidity to users, optimizing their use of margin.”
MahiFX will certainly bring another competitive edge to what CFH already has to offer
“MFX Compass adds to the mix effective risk management to optimize the trading decisions for CFH’s clients. Comprehensive analytics allow clients further insight into the performance of their trading,” the company’s representative elaborated.
The solution is already available for use by CFH clients. Commenting on the announcement the CEO of CFH Clearing Lars Holst, said: “We were particularly impressed with MFX Compass’ enhanced risk and analytics solutions that is complementary with CFH’s ClearVision Risk Management suite. Our relationship with MahiFX will help further reinforce our market leading position as we continue to grow our institutional client base.”
“MahiFX will certainly bring another competitive edge to what CFH already has to offer and our partnership with CFH will ensure that their distribution of FX services within the institutional space is seamless,” added David Cooney, the co-founder and CEO of MahiFX.