MahiMarkets Unveils FX Options Offering
Posted by Colin Lambert. Last updated: June 2, 2023
E-trading technology provider MahiMarkets has unveiled a new white label offering for FX options – MFX Radar.
The firm says Radar enables brokers to access a fully functional options business, complete with bespoke expiries and strikes depending on individual requirements. This means they can now offer options on a range of assets such as FX, crypto, gold, and S&P500 in a simple and engaging way.
In addition, MFX Radar includes a booking and life-cycling system, enabling brokers to manage trades, orders, and portfolios with ease. The risk visualisation feature allows them to view client and hedging trades/orders, portfolio position (hedging, client and net), and view portfolio risk metrics, all in one place, Mahi says.
“We believe MFX Radar will revolutionise the industry, providing brokers with a comprehensive platform to manage their options business while delivering a simple and engaging experience for their clients,” says David Cooney, co-founder and co-CEO of MahiMarkets.
Certainly it will be interesting to see how retail FX traders approach a world in which their brokers are able to offer what could be termed an institutional-style service. Previously, retail traders have been pushed in the direction of binary options and all the risks they involve, but now they are able to express their view in the same fashion as, for example, a bank trading desk.
Cooney observes that retail traders are taking on more directional risk than ever and are becoming a more influential piece of the FX market make-up, adding, “Retail FX traders have been taking on much larger risk than is often realised elsewhere in the market, and options is a great way for them to express their view without the potentially large downside risks associated with the cash spot market.”