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January 17, 2024 - MahiMarkets has unveiled MFXTradeHaven, a novel solution tailored for smaller A-book and B-book brokers managing monthly volumes of less than $5 billion. This innovative product is designed to significantly improve their trading operations by reducing hedging costs and streamlining pricing, risk management, and bridging technology requirements. Additionally, MFXTradeHaven offers detailed trading analytics, all within an accessible monthly fee structure.
The launch of MFXTradeHaven by MahiMarkets addresses the evolving challenges in the financial brokerage industry, where smaller brokers grapple with issues such as commission pressures, limited offset in smaller volumes, costly connectivity, and complex hedging solutions. A-book brokers are finding commissions under pressure, making it all the more painful to be passing on the spread in their flow. However, as the B-bookers know, the limited offset in smaller volumes makes for uncomfortable Sharpe ratios with volatile cash flows. Both face costly connectivity and hedging solutions. MahiMarkets explained in their announcement today that MFXTradeHaven, as a compact variant of the larger MFX Compass, provides an array of benefits:
Optimised Flow Management: Utilises sophisticated technology for efficient flow categorization and cleansing, ideal for brokers with limited flow.
Cost-Effective Hedging: Features a specialized dark pool, enabling smaller B-book brokers to hedge efficiently at lower costs.
Comprehensive Multi-Tenant Trading Package: A complete package that includes pricing, execution, risk management, and bridging technology in a single solution.
Revenue Boosting Strategies: Offers strategies to potentially increase revenue streams, along with other cost-saving measures.
Competitive Monthly Fees: Starting from $15,000, the platform is an affordable solution for powerful trading tools and strategies.
Robust Protection Measures: Safeguards businesses against coordinated trading and unforeseen risks.
Advanced Bridging Technology: Provides access to an ultra-low latency connectivity bridge.
Susan Cooney, Co-founder and Co-CEO of MahiMarkets
Susan Cooney, Co-founder and Co-CEO of MahiMarkets, commented on the new addition: "We recognized the increasing sophistication of retail brokers and the challenges they face in the market. MFXTradeHaven is our response to these challenges, offering protective tools, advanced pricing, and risk management methods that are vital for revenue generation and lowering the barrier to entry. The introduction of dark pools, typically seen in the institutional space, to retail brokers is a step we are particularly excited about."
MahiMarkets suggest that MFXTradeHaven is aimed at ambitious brokers handling monthly volumes of less than approximately $5 billion. Users can now 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.
