LONDON, December 23, 2015 /PRNewswire/ --
MahiFX has been shortlisted for the Most Disruptive Financial Sector Technology Award for their institutional product, MFX Compass.
Straightforward to implement into systems, MFX Compass provides small banks and brokers fast access to a scalable eFX trading business while minimising development costs, framework complexity and time to market. It provides a highly advanced risk management system to protect businesses from market volatility, as well as full guidance and support via a partnership with MahiFX, who continuously calibrate the engine and offer advice to help reduce costs and increase profits.
"Internalising flow at the correct rate is essential to increasing profit and market share," said David Cooney, CEO MahiFX. "However, it can be a difficult balance to grasp. Assembling the teams to build an internal solution is costly, and sometimes, the results have not been as successful as expected. Compass provides a proven solution with minimal lead-time and variable costs based on performance. We truly believe in our product and getting this recognition demonstrates how well MFX Compass is being received. We're very excited to continue providing this product and service, and to help banks and brokers grow their eFX businesses."
Now in their 16th year, the FStech Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector. Winning entries will come from financial services institutions and technology suppliers who are leading the way in such areas as social media, customer service, compliance, mobile, online, systems integration, outsourcing and data governance.
The awards are independently judged and the winners will be announced at the FStech Awards Gala Dinner & Ceremony on 17 March 2016 at the London Marriott Hotel, Grosvenor Square.
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About MFX Compass
Drawing on more than five decades of collective interbank experience in the disciplines of coding, quantitative analysis, trading and sales, MFX Compass provides banks and businesses with the most comprehensive and technologically advanced eFX technology systems, connectivity, infrastructure and support required to optimise their FX trading business. From highly optimised price formation, risk analysis, analytics and quantitative expertise to advice on distribution and calibration, institutional clients now have rapid access to a complete, highly-competitive, best execution efficiency eFX business, enabling them to achieve the same level of success as eFX leading banks, at a fraction of the time and cost. MahiFX global operations are headquartered in Christchurch, New Zealand with offices in London, UK. The company is regulated by The Australian Securities and Investments Commission (ASIC), Australia's corporate, markets and financial services regulator with FCA approval and regulation pending.
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