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MahiFX to offer banks MFX Compass e-FX suite.

BANKING AND CREDIT NEWS-March 3, 2014--MahiFX to offer banks MFX Compass e-FX suite

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3 March 2014 -- London-based foreign exchange technology provider MahiFX Ltd said it has launched an electronic FX trading technology and support framework for banks and brokerages called 'MFX Compass'.

With the move, MahiFX said it seeks to offer institutional clients instant access to an integrated solution to profitably internalise e-FX flows, including price formation, portfolio based skewing, optimised hedging, comprehensive analytics and rate customisation.

The system architecture features a suite of components meant to optimise FX pricing, control risk, produce the analytics and permit granular price customisation to allow institutions to confidently internalise foreign exchange flow.

MahiFX and MFX Compass is headed by David Cooney, former global co-head of e-FX trading at Barclays Capital (NYSE: BCS), and Susan Cooney, former head of e-FX Institutional Sales in Europe for Barclays Capital.

The firm provides retail foreign exchange clients direct access to institutional level execution speeds and spreads through its proprietary-built fully automated pricing and risk management technology.

Find out more at www.mahifx.com.

1 USD = 0.598 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Mar 3, 2014
Words:200
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