MahiFX

MahiFX, Ltd.
MahiFX Ltd. is a privately held financial services technology company headquartered in New Zealand with offices in London. The company provides foreign exchange (Forex or FX) trading services to the retail sector via its proprietary built trading platform and through the third party MetaTrader 4 platform. MFX Compass, MahiFX’s offering to the institutional sector, provides e-FX technology and consulting to banks, businesses and hedge funds.
History
MahiFX, whose name means ‘work’ or ‘craft’ in Maori, is headed by CEO and Co-Founder David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and Susan Cooney, former head of e-FX Institutional Sales in Europe for Barclays Capital.
The company began operations in February 2012 providing its proprietary-built online trading platform for retail Forex traders. Acting as a principal market maker, the company provides continuous, dealable FX rates to retail customers on a margin/leveraged basis.
Expansion of products and services
Since its launch in February 2012 the company has developed the platform to include a desktop trading application price alerts and charting and an online currency converter.
In August 2013 MahiFX introduced the facility for FX traders to access the MetaTrader4 (MT4) platform via its custom-built bridge as an adjunct to its proprietary platform.
MFX Compass
In February 2014 MahiFX launched a trading technology offering for the Institutional sector under the MFX Compass brand providing, on an outsourced basis, trading tools for hedging, price formation, risk analysis and analytics.
Awards
In April 2013 MahiFX was awarded the FSTech Award for Best Trading System.
In June 2014 David Cooney was inducted into the Profit & Loss Hall of Fame for contributions to the advancement of innovation, growth and success of the Foreign Exchange industry.
Regulation
The company is regulated by the Australian Securities and Investment Commission (ASIC) and has stated that regulation by the UK Financial Conduct Authority (FCA) is pending.

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