LONDON, May 12, 2016 /PRNewswire/ --
MahiFX has Officially Launched Their Latest Product, MFX Vector, Adding it to Their e-FX Engine Room: A Suite of Products and Services Catering for Both Institutional and Retail Clients.
As part of their continuing growth in the e-FX space, MahiFX has formally released their latest product, MFX Vector this evening at an exclusive launch party. The event also marks the release of their new website, featuring the e-FX Engine Room.
With benefits that have so far only be available to large, tier 1 banks, MFX Vector allows users to identify and minimise their trading costs using market making technology. The system enables clients to take control of earning spread, using a variety of features including in-depth analytics to understand cost of execution, anonymous trading access to minimise footprint, and reduced IT costs to allow more focus on investment.
MFX Vector will be one of the products available in MahiFX's e-FX Engine Room; a new concept that brings together all of the software and services required by both businesses and individuals in the e-FX industry. With a range of highly flexible products, the e-FX Engine Room contains everything needed to successfully run an efficient and highly competitive e-FX business in one convenient package. The concept was devised after MahiFX began to notice the various barriers that smaller banks and brokers were facing, and the lack of cost-effective, fully inclusive software and guidance that was on offer.
David Cooney, CEO of MahiFX said, "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."
Tom Robinson, Head of Sales at MahiFX, said at the launch event this evening, "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."
MahiFX offers a range of products suited to both institutions and individuals. These are available within their e-FX Engine Room, a concept designed to encapsulate every requirement that customers in the e-FX industry might have. Their three main products are MFX Compass, an institutional e-FX engine; MFX Trade, a proprietary retail trading platform; and most recently, MFX Vector, a buy-side order management system.
About MFX Vector
MFX Vector is an innovative platform that allows buy-side users to retain spread on their spot FX orders. For the first time, users are able to place orders with the knowledge and security that they will not be adversely affected: an attribute that until now has only been available to the largest banks in the world.
MahiFX Ltd. global operations are headquartered in Christchurch, New Zealand with offices in London, UK. The company is regulated by New Zealand's Financial Markets Authority and the Australian Securities and Investments Commission (ASIC). FCA approval and regulation is pending.
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SOURCE MahiFX Ltd