just now
April 04, 2023 - MahiMarkets, the London-based technology firm that helps brokers analyse, manage and reduce risk founded by ex-BARX co-Head of Options and eFX trading, David Cooney, has announced a new product enhancement that enables brokers “full autonomy over crafting their CFD pricing”.
The new enhancement provides brokers with specialist pricing techniques that allows clients to, “create a significant, measurable increase in B-book PnL. Users can benefit from features such as liquidity reduction and sophisticated skew drivers to maximise yield, whilst delivering very tight spreads to customers with zero slippage. It is even possible to create spreads that are tighter than those available from the LP.”
MahiMarkets lists the benefits of the new enhancements their clients can expect to experience with their new product:
- Reduction overall company risk
- Reduction in NOP held at LPs to make collateralisation cheaper
- More resilient pricing
- Attract good client flow and defend against bad client flow
- Protection against swarm and machine gun traders
Andrew Morgan, Chief Product Officer at MahiMarkets, commented, "Despite seeing huge growth in this asset class from clients and prospects, it's all too common for brokers to still be offering a single LP solution. This can often be detrimental to their business if any outages or single LP price issues were to occur. Our predictive pricing enables our clients to produce tailored pricing models for different types of liquidity, spread control, market volatility response and arbitrage protection, instead of delegating all of that to a single external LP. As markets continue to evolve, we're proud to offer innovative new and enhanced features within our award-winning software that adds true value for our clients."
