Christchurch and London based forex broker MahiFx is on the short list for the Most Disruptive Financial Sector Technology Award for their institutional product, MFX Compass.
Here is more information from the official press release:
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.