Institutional e-FX Engine
Drive your e-FX business to top tier level with finely tuned analytics, expert support, and a fairer pricing model.
MFX Compass provides you with all of the tools required to set up and run a spot electronic foreign exchange business. It is a cost-effective solution that allows market makers and brokers to compete at the same level as large banks with minimal lead times.
Buy-side order management
Take control of your execution using technology only previously available to top tier banks.
Drawing on our decades of experience in automated pricing and risk management, we’ve created MFX Vector to give investors the tools to identify and minimise their cost of trading. Powerful, simple, cost-effective.
Retail trading application/MT4
Experience retail forex trading with institutional-level pricing on our intuitive, proprietary platform.
MFX Trade is our award winning retail forex trading platform. You can access our institutional quality spreads on MT4 on our tradingweb app. Our trading platforms have been built from the ground up by traders for traders.
- Own your rate formation.
- Expertly monitor your e-FX flow with a powerful suite of detailed analytics.
- Gain control with sophisticated system administration, spread setting and visualisation of trades.
- Understand your cost of execution with our unique suite of analytics.
- Earn spread and minimise your footprint with our market-making technology.
- Intuitive and fully transparent technology with real-time charting and benchmarks.
- No minimum deposit, commission or hidden fees.
- High security accounts, so that your funds stay protected at all times.
- Access to a wide range of educational guides, as well as 24/5 support via phone and email.
The e-FX Engine Room
MahiFX was formed in 2010 by David & Susan Cooney. Our diverse team has over five decades of collective interbank experience in the disciplines of coding, quantitative analytics, trading and sales.
David, our CEO who was once described as an e-FX heavyweight - an attribute he has tentatively taken as a compliment, for now - has spearheaded numerous FX industry firsts at key influential global investment banks. He and the team continue to drive innovation in the industry.
Our first product, MFX Trade, formally launched in 2012. Meanwhile, work started on our institutional product, MFX Compass, which launched in 2014.
A new and innovative offering to the market, Compass provides institutional clients with all the tools they need to quickly and seamlessly establish a robust e-FX business complete with pricing, technology, analytics and support.
2016 sees the launch of MFX Vector, our third product released under the MahiFX umbrella. Vector is an intuitive, easy-to-use platform that gives complete transparency on live orders, fills and LPs, rate formation and passive execution for the active FX trading community.
- 2010 – MahiFX our beginning, David and Susan Cooney swap banking power suits for jeans and trainers for newly created fintech company
- 2010 – The Jesus of Java joins us together with a special group of techies beavering away in Christchurch NZ
- 2010 – Find ourselves explaining MahiFX is not a fish
- 2011 – Office destroyed in Christchurch Earthquake but at least David saved his laptop
- 2012 – Retail FX platform Launched in swish london Gherkin launch
- 2013 – Win Best Trading System for our FX trading platform at the FSTech Awards 2013
- 2014 – Launch MFX Compass and spend a lot of time explaining what on earth it does
- 2015 – Win highly commended by FX Week
- 2015 – Office moves in both Christchurch and London - Christchurch get pool table - ooh get them
- 2016 – Launch MFX Vector
- 2016 – Still finding ourselves explaining MahiFX is not a fish
From the outset MahiFX intended to differentiate itself, not only in terms of technology and pricing, but also in terms of the nature, character and expertise of our team. With over five decades of collective interbank experience in the disciplines of coding, quantative analysis, trading and sales, we are uniquely placed to share expertise in a wide range of specialist areas.
The team behind MahiFX
David Cooney, CEO & Co-Founder
A young David Cooney was hoping to become a fighter pilot, racing car driver or an All Black. Although he remains adamant that he still has the ability to do all of these even to this day, he thought it best to begin his career as an interbank spot foreign exchange broker in his native New Zealand. After landing a role as a currency options trader, David moved to London, where he worked for Chase Manhattan and later, Credit Suisse. This was followed by roles at Dresdner Bank in Singapore, where he took charge of the currency options operations for Asia before moving back to London as Dresdner’s Global Co-head of Currency Options. From there David co-headed the global Options desk at Barclays Capital where he was instrumental in developing the award winning BARX platform. As well as running MahiFX he can be found indulging his passion for aviation and regularly dashing out of meetings to point at helicopters and shout about them.
Susan Cooney, Co-Founder
Being stubborn, bossy, creative and controlling are all the traits of a leader, Susan firmly assures us. Her career started in e-FX at Dresdner Kleinwort Wasserstein, where she was responsible for selling the online trading platform Piranha throughout Europe. This was followed by a move to Barclays Capital where she was given responsibility for European Institutional e-FX clients and later for recruiting and heading a new team of sales professionals to promote Barclay's e-FX trading platform, BARX, to European Institutional Banks and Hedge funds. She is passionate about good design and can often be found obsessing over paper quality and typography, insisting that one letter needs to be moved a millimetre to the left. We can’t see it but we’ll take her word for it. She loves being a mum and enjoys convincing her kids to support England over the All Blacks, much to David’s fury.
Chief Technology Officer
James is a Burrito-hunting, turntable-spinning DJ and undercover geek. Since acquiring his first computer at the tender age of five, he has rarely been seen without some sort of gadget at his fingertips. After completing a degree in Computing at Imperial College London he ventured to the University of Manchester to seek a change of student life, and to complete a masters in Advanced Computer Science.
His technology career spans 17 years taking in a diverse range of industries ranging from vehicle telematics to call centre administration systems, however the last 11 years have been focused on the unique challenges of electronic trading. James was part of the team behind Lehman Brothers' award-winning FXLive platform. Post the infamous collapse he moved to the trading floor to join the team developing the hedging/pricing/analytics technology behind Barclays Capital’s BARX platform (one of the top-three FX single-dealer platforms). When he’s not working to improve the MahiFX products (which is rare) he can sometimes be found DJing in one of the many clubs/bars around London.
Head of MFX Compass Sales
Due to his West Country upbringing our new Head of Sales, Tom, has a natural tendency to gravitate towards anything containing cider (after-work hours of course), and can always be tempted by any kind of food.
Fortunately, he’s managed to offset the visual effects of these with his love of playing rugby, and we are now able to smugly boast about having a former member of the England Under 21 team in our midst.
Following a BSC at Bristol University and the completion of a particularly riveting dissertation on the behaviour of fruit flies (yep, you read that correctly), Tom began his career at PwC, before moving on to Bloomberg where he worked in sales for three years. He then advanced to working in e-FX sales for Barclays Capital, and has just arrived at MahiFX after an eight-year reign at Goldman Sachs, where he held the position of Global Head of e-FX before he found his way over to us (we solemnly swear we didn’t use a pint of cider and a meat pie to lure him in).
Head of MFX Vector Sales
This mysterious character has joined us with both a very impressive CV and a suspiciously ‘normal’ personal life. Guy started his career with a solid First Class Honours Psychology degree, specialising in Psychopharmacology (yup, we read that really slowly too) from the University of Durham. After a short stint as the world’s worst computer programmer, Guy found his feet in FX and has since worked for companies including Bloomberg and most recently Morgan Stanley, where he ran e-FX sales for Europe for seven and a half years.
However, try as we might, we’ve yet to get him to dish the real dirt on an embarrassing story for this little biography. Obviously, at MahiFX we do not give up on such trivial matters. We’ve already successfully lured him over from his usual healthy lunch to having a much heartier meal consisting of a burger and fries, so rest assured that we’re just biding our time until we can feed him enough alcohol to convince him to spill some stories.
What we can tell you, is that Guy is another very well travelled member of the team, having spent a year country hopping. This included spending some time with nomads in Mongolia, whom he had to prove his worth to by excelling in three manly disciplines: horse riding, archery, and wrestling - volunteered to do these by his wife, of course (clever lady). Nowadays, he’s swapped his Ace Ventura tribe antics for proving his worth to his two young’uns, in the disciplines of nappy changing, toy building, and nursery rhyme singing.
Head of MFX Retail Sales
From his early humble ambitions of wanting to be a milkman on Canvey Island to several successful teenage sporting years playing football and cricket, Nick is the model Essex boy made good. With a passion for playing the drums, he secretly hopes that he'll be nearby when the Foo Fighters urgently need a replacement drummer, should Taylor Hawkins have a sudden, mysterious accident...
In the meantime though, Nick focuses his attention on Foreign Exchange, which has not only given him a long and successful career, but also a chance reunion with an old fellow pupil from school, Nicola, who later became his wife – well played!
Nick’s first step onto the FX ladder took him to the Bank of America where he was an FX Trader. Since then, he’s worked for numerous big names including UBS, Advanced Currency Markets, and most recently, CFH Clearing. With over 25 years of FX experience, we’re quite convinced that our Head of Retail Sales knows his onions. Word on the grapevine is that he also cuts some mean shapes on the dance floor, something we're all quietly hoping we'll see first hand at the Christmas party.
Bonnie has been around, so to speak. During her career she has worked in Swiss, German, and British banks, as well as a brief stint at the Queen’s stockbrokers. She eventually decided it was time for a bit of antipodean action and wound up here at Mahi. Recruited into the infamous Barbie’s Army, Bonnie has an unrivalled collection of anecdotes to tell from her experiences abroad, including the time she went to Lithuania without checking the weather forecast first and promptly arrived in a pair of stilettos.
On meeting the client for the first time, she immediately took a tumble in the snow taking him down with her – suppose that’s one way of, quite literally, breaking the ice. Bonnie also moonlights as a professional shopper, blessed with an incredible ability to navigate most malls blindfolded (if such a situation were ever to arise). She is uber organized, and loves nothing more than a bit of good old-fashioned order; demonstrated by her colour-coordinated wardrobe, and that warning look when our desks begin to look a little messy. With two young’uns, Bonnie currently spends a lot of her time ensuring she’s not covered in things she shouldn’t be, whilst singing Old MacDonald in a faux American accent.
Head of Analytics
We cordially present to you Mr Alex Ridgers, providing a touch of class to proceedings. Having spent most of his upbringing in a top hat and tailcoat at Ascot Racecourse with his horse, Weekendatbernies, Alex finally tore himself away to study Business and Economics at Bristol University. Following his graduation, he whipped off his mortarboard and made a beeline straight for London, where he began his career with IG Index PLC as a quoting dealer.
Since then, Alex has added ABN AMRO Bank, CMC Markets, and GKFX to the list of companies lucky enough to have him, under roles such as Head of Algorithmic Trading. Most recently, Alex has been working for Oanda as a trader, focusing on such tasks as model building to back test flow for optimum risk management. Needless to say, with all this experience, we’re pretty smug that he’s jumped ship and come over to Team Mahi.
When he’s not working, you might find Alex lovingly tending to his collection of cigars, some of which date back to the 1970s and are all housed in his very own humidor. If he’s not there, he’ll probably be annihilating some poor soul at a game of Scrabble. This is a game that Alex does not approach blithely, after having appeared on a Scrabble-based game show which saw him achieve the highest first round score of the whole series. We won’t go into the words he used but let’s just say he made the letter ‘X’ look very popular, and no, we’re not sure how to pronounce the words it featured in.
After snapping her up as a fresh graduate, Alizee is now our Financial Engineer - putting her MSc in Investment and Finance to excellent use in the Forex industry.
Originally from the land of striped tops and berets (also sometimes known as France), Alizee is a true citizen of the world and grew up in six different countries, including Indonesia and Chile. Thanks to her globetrotting, she speaks French, Spanish, English and a bit of Dutch, so we’re pretty impressed.* However, despite all of this travelling, she remains true to her French roots and will never pass on the offer of some good cheese and red wine.
Constantly adding to an endless list of skills, Alizee enjoys a range of extreme sports to fuel her competitive nature, and we hear she’s pretty nifty on a pair of skis. She’s always ready for a challenge and can’t bear the thought of losing, which makes her the perfect new member of Team Mahi. Oh, and she comes complete with a lovely French accent too!
Andrew is coming to terms with being a "veteran" technologist. Having worked in a brand wall of companies: Morgan Stanley,UBS, RBS, BBC News Interactive & Sony R&D he's seen a variety of situations from developing low-latency trading systems to his time as a CTO, carefully balancing management and strategy with advertising optimisation algorithms.
His soft Welsh accent has been dulled by his time at Cambridge University where he read Computer Science just as they introduced studying Java at the university. He claims to appreciate a good glass of wine (perhaps not his 6th) and is an enthusiastic guitarist. Despite being relatively quiet at work, we can always count on Andrew to crack out the first (and last) moves on the dance floor at any staff party; a sight we’ll never tire of seeing.
Senior Developer/ NZ Tech Lead
Lee is our resident petrol head and heads up the Christchurch development team. Some say he was raised by sheep, and can only turn left. All we know is he's the Stig's kiwi cousin. He provides critical technical support to his less tech-savvy colleagues, and his two key mantras are 'have you tried turning it on and off again' and 'try Google'. As a founding member of the MahiFX Harriers he is a keen runner and currently holds the MahiFX Half Marathon record.
He has over 12 years of software development experience since graduating from Canterbury University with an honours degree in Computer Science. He has worked in a wide range of industries, most recently in financial services and online advertising. He returned home to Christchurch in 2010 having lived and worked in Australia for eight years.
Hailing from Scotland Sam ran as far from his parents as he could, whilst still staying the “right” side of the border, to study Computing science at the University of Aberdeen. Having spent the sandwich year of his degree pretending to be James Bond he graduated with 1st Class honours and promptly left for Aotearoa. After returning from traveling Sam joined the hunt for oil. Realising that building software was way more fun than fixing errant device drivers on ships in the North Sea he moved to London not only because his wife refused to go to Aberdeen, but because it gave him the opportunity to get deeply involved with hardcore technical challenges - from levelling the playing field between retail and institutional traders, to consulting at major investment banks.
Deciding that he’d grown out of playing sardines Sam initially gave up cramming himself on to public transport in London by furiously cycling the 20 km to and from work. Then, deciding this was not a sustainable solution, he packed up and moved to greener pastures in our New Zealand office, where he now happily enjoys a peaceful and short journey to work. Not content with making sure his software delivers Sam enjoys testing the theory that there is no such thing as a bad single malt and will happily convince you that ice and whisky do not mix.
Our fine tech team has expanded again with the addition of Zoltan: a computer wizard and self-certified handyman extraordinaire, complete with a superhero-esque name! Having graduated from a degree in computer science at Eotvos Lorand University of Science, Budapest, Zoltan began his career with Morgan Stanley's Java engineering team. This later led to his move to London into a more finance-oriented role. Following a short stint with RBC, he made his way over to us, where we’re more than happy to have him.
When he’s not sat tapping away at his desk, Zoltan enjoys cycling, watching a good Sci-Fi movie, or heading out into London’s nightlife, where you can be certain that he’ll be the last one standing with a fresh tray of shots. With a diverse and seemingly endless list of talents, from a slightly unnatural ability to annihilate anybody who dares challenge him to a game of chess, to a newfound ability to demolish and landscape his entire garden from scratch, we’re pretty confident that Zoltan is more than capable of solving any problem we chuck his way.
Head of Quality Assurance
As well as heading the Quality Assurance team at MahiFX, Tony leads a double life as a wannabe pro surfer and Dad to three teenagers. He is also famous for his love of antique Japanese cars, his prize possession being his $200 dollar two tone white and rust 1986 Toyota Corolla. Not embarrassing at all parked outside the MahiFX offices. Day to day, Tony is responsible for ensuring that our products are functional and intuitive as well as serving as a software and hardware tester (attested by the vigorous pounding his keyboard receives, much to the indignation of the disgruntled colleagues who are within earshot).
Tony has had an extensive career both in New Zealand and abroad, namely in London at JPMorgan and SBC Warburg in operations and latterly at Hermes in quality assurance. Upon his return to New Zealand Tony worked at Sungard and Northern Arch in a quality assurance and software design capacity before joining the MahiFX team and helping to build and launch the retail trading platform.
Compliance & Finance Manager
Nicole - or “Sparkles” as she is more commonly known in the office due to her love of all things that glitter - is Manager of the MahiFX legal, compliance and finance teams. When she isn’t dragging her colleagues for PB runs round Hagley Park or leading boot camps in the boardroom she plays Mum to two little girls at home (as well as to the boys in the office at work).
Nicole has a double degree in law and accounting, is a qualified barrister and solicitor of the High Court of New Zealand and a Chartered Accountant. Nicole began her career in the corporate tax team at Ernst & Young in New Zealand before moving to London for five years and working for JPMorgan Chase and AXA Corporate Solutions in their tax, compliance and finance teams. Upon her return to New Zealand, Nicole spent a little more time with Ernst & Young again, before moving to Infiniti Capital Markets, embarking on motherhood, and finally joining the MahiFX team in Christchurch.
Chief Operational Officer
Despite his expression in the photograph, we are pleased to announce that this man doesn’t have a single criminal conviction (although we’ve had this checked, just to err on the side of caution). Quite ironically, one of Paul’s jobs as Chief Financial Officer is to monitor compliance here at MahiFX, and he ensures that everything we do is safe and legal. Having spent twelve years climbing the Ladder of Importance at Ernst & Young, Paul jumped ship to MahiFX and since then hasn’t failed to astound us with his tax, legal, finance and capital markets knowledge.
He can usually be found uttering his favourite phrase, “computer says no.” as he repeatedly prevents us from misbehaving, and keeps us on the straight and narrow as best he can. With his dapper sense of style, Paul saunters into the office every morning safe in the knowledge that in one fell swoop, he has reduced everyone else’s choice of attire to the same level as your Saturday morning hangover pyjamas. This competitiveness is something Paul never leaves at home whatever the occasion, so rest assured that we couldn’t find anyone as good at what he does than Paul – he is literally better than everyone.
Client Services & Marketing Executive
After Achieving a Master’s degree in Management, Economics and International Relations at the University of Aberdeen, our youngest - and most competitive - team member joined MahiFX via 'The Apprentice' style internship. Luckily we never made her run around London dressed as a chicken and she didn't end up 'fired'.
On the contrary, Kate was offered a full-time position with the marketing team. Leaving her little hometown of Knutsford (up in t’North), off she headed to the Big Smoke, to discover MahiFX, bootcamp and burgers.
Kate is the team’s literary genius. With a flair for catchy tag lines and perfect grammar, the marketing team is both intimidated and lost without her. Despite this being her first job since graduating, she knows it is the best place to work in the world and we know we are lucky to have her. Sorry about that Lord Sugar.
Client Services & Marketing Executive
It took her a while to find us, but after graduating from Loughborough University with a degree in Politics & Economics and a stint behind an equities desk, Nicola eventually saw the light. Joining Team Mahi and embracing all things fun and Forex, we are proud to introduce our Client Services Executive.
Nicola is a pretty diverse girl, and is certainly no one-trick pony. Her uni days saw her take up a keen interest in flying as a member of the University Air Squadron… that is, until she realised she hated flying. Nowadays, Nicola tends to keep her feet on the ground - usually behind the decks at a fancy London club or bar. This budding little entrepreneur started off moonlighting as a party planner but was repeatedly disappointed by the number of DJs who failed to impress. Nipping the problem in the bud, she combined her love for parties and music with her dislike of other DJs and became one half of a DJ-ing duo. Adding to our growing list of resident Mahi DJs, Nicola ensures that our clients are left wanting for nothing.
Justin’s first real interest in currencies sparks from when he was rushing to his bank during lunch, debit card clutched in hand, to buy as many Deutsche Marks as were available (it wasn’t that many). The year was 1992, just a couple of days before Britain was unceremoniously booted out of the Exchange Rate Mechanism (ERM) – the precursor to the Euro.
However, despite the bank’s lousy retail exchange rates, the trade was profitable (hurrah!), such was the magnitude of GBP’s crash - a certain Mr Soros reportedly made $1 billion on his trade. Inspired by this experience, Justin began working for a number of media organisations, covering markets including The Wall Street Journal and Thomson Reuters. Also on this impressive list is consultancy work for a boutique investment bank in the City of London, and the UN-mandated Common Fund for Commodities. On the rare occasions when he is not thinking about markets and the economy, Justin enjoys sampling English ales, watching Spaghetti Westerns and eating curry - preferably all at the same time.
Note for Recruiters
Since we’re a small business, it can often be time-consuming for our staff to deal with recruiters calling us. Whilst we do welcome recruiters who wish to help us out, this can sometimes add to our workload instead.
We’re sure you’ll agree that it is much easier to recruit for a company when you are familiar with its background and current staff are able to help you out with ease. Therefore, please take the time to read our rules for working with us below.
Please do not cold call us – there is a dedicated email address for discussing the possibility of working with us, it has been listed on this page for your convenience. There is also no need to chase up decisions with us; we always adhere to our deadlines.
We’ll update our jobs page and social media as soon as a new position becomes available, so you’ll be able to see when we might need your assistance. This listing will specify where to send CVs. Please ensure that you read the job description carefully, and only send CVs that are relevant to the role.
CVs / Candidates
Please only send complete CV. This includes a name, contact details, a full education and previous work history, and the candidate’s salary expectations and availability.
NB: We typically only consider candidates already in the UK. If you are submitting a candidate who is not in the UK, please make this explicitly clear.
Terms and Conditions
We do not sign any terms and conditions. The terms we work to are detailed below.
We’re happy to work with recruiters who maintain the following principles.
- Honesty. Please always ensure that you are honest with us. It is easily noticed when you change your story depending on which member of our staff you are speaking to.
- No ulterior motives. Please do not try to recruit our own staff.
- Confidentiality. Please keep any information about candidates to yourself. This includes not sharing their details after we have hired them, if we choose to do so.
Terms & Fees
These Terms supersede any similar terms in individual agency's contracts.
- We will pay 15% of year one base salary.
- We will pay within 30 days of invoicing.
- The invoice date can be no earlier than the candidate's start date.
- If we choose to hire a candidate within six months of your introduction, we will pay your fee.
- If we already know a candidate you are introducing us to (organically or from a different agency), we will tell you this promptly. No fee will be payable in this circumstance.
- If the candidate leaves within twelve working weeks of their start date (for any reason, including dismissal), it will be your responsibility to find a replacement free of charge. If you are unable to find a replacement acceptable to us you will refund 8.3% of your fee for each week of the first twelve the candidate didn't work.