Tag: MahiFX

MahiFX

MahiFX to Exit Retail FX Space

MahiFX has announced its intention to sell its Financial Conduct Authority, Australian Securities and Investment Commission and New Zealand Financial Markets Authority licences.
The move signals an what the firm says is an “important strategic change” as it pivots away from providing retail FX brokerage services towards what it says is “core competency as a B2B technology provider to banks and brokers”.
David Cooney, co-founder and CEO of MahiFX, says, “The retail space is experiencing many of the challenges that the institutional space has been faced with for years.

MahiFX Unveils MFX Echo

This increased focus on execution quality has not been industry-wide, however, predominantly these analytics packages have been used by top end banks and some (but by no means all) of the larger, more sophisticated asset managers. Beyond those groups the challenge of cost or complexity (or both) has limited access and the willingness to engage with the data. Financial technology provider MahiFX is seeking to redress the balance, however, with the launch of MFX Echo, a trade analysis, liquidity visualisation and price-explain tool.

Robinson in at Jefferies

Tom Robinson has joined Jefferies as managing director in London to help build the firm’s e-FX business. He will report to Ray Kamrath, head of FX at Jefferies.
Robinson joins from a senior sales role in London at MahiFX, a role he took up in March 2015.
Prior to Mahi, Robinson spent with years at Goldman Sachs, ending his spell there as global head of e-FX sales. Before Goldman, Robinson spent almost five years at Barclays in the BARX e-sales team.

MahiFX Gets FCA Authorisation

Technology provider MahiFX says it has received authorisation to provide regulated products and services by the UK’s Financial; Conduct Authority (FCA). The firm says it recognises that authorisation from the UK-based financial regulatory body was important for its European-based clients, in addition to already being authorised and regulated by both the Australian Securities and Investment Commission and the New Zealand Financial Markets Authority. “As a regulated entity, MahiFX is required to meet strict financial standards, including capital adequacy requirements,” says MahiFX compliance and finance manager, Nicole Vivian. “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.”

MahiFX Appoints New Head of Retail Sales

Financial technology provider MahiFX has appointed Nick Mortimer at a newly created head of retail sales position. Mortimer has more than 25 years of experience in the financial industry, and was head of global liquidity management at ACM Geneva, the company says in a statement. Prior to that, he was head of prime brokerage and […]