MahiMarkets Launches MFX TradeHaven

MahiMarkets has launched a new trading solution, MFX TradeHaven, for smaller FX brokers handling volumes of less than $5 billion per month.

The firm says the continuing maturity of the brokerage industry is bringing challenges to smaller “A” and “B” book brokers, with the former – who typically pass on the spread to the  upstream LP – finding commissions under pressure; and the latter facing “uncomfortable” Sharpe ratios with volatile cash flows. Both face costly connectivity and hedging solutions, Mahi states.

The new solution allows these smaller brokers to reduce their hedging costs, streamline their pricing, risk management, and bridging technology requirements, all with access to detailed trading analytics at an “affordable” monthly fee starting at $15,000, Mahi says. It adds it also provides optimised flow management, and cost-effective hedging.

“We are fully aware of the challenges retail brokers face as the retail user becomes more sophisticated,” says MahiMarkets co-founder and co-CEO Susan Cooney. “We created MFXTradeHaven because we believe everyone should have access to the protective tools, advanced pricing, and risk management methods that genuinely make a difference in revenue and reduce the barrier to entry. Dark pools are common in the institutional space, so we are excited about bringing this benefit to retail brokers.”