Since launching in February 2014, MFX Compass trading technology has already been adopted by five major banks with numerous deployments in process. This week, we’re excited to announce that MFX Compass has been nominated “Start-up of the Year” at the Bobsguide Fintech Awards 2015, reaching the final four participants. But what exactly does Compass provide?
A New Era
MFX Compass is the next generation technology that enables banks and businesses to achieve the same level of success as e-FX leading banks, at a fraction of the time and cost. With powerful and intuitive e-FX technology, MFX Compass is disrupting the market. The software enables banks, global liquidity providers and hedge funds to gain a competitive advantage through tapping into technology and expertise previously available to only a select few Tier 1 banks.
With a focus on streamlining and improving e-FX trading, you can expect to see a range of features, such as highly optimised price formation, risk analysis, analytics and quantitative expertise to advice on distribution and calibration. MFX Compass also enables a notable reduction in development costs, framework complexity and time to market.
Technology Features in Brief
A successful e-FX business requires not just accurate rates, but fine-grained analytics, rate differentiation and solid risk management – along with experience in using them.
MFX Compass provides institutions with a complete suite of tools needed for:
- Price Formation
- Portfolio based skewing
- Algorithmic hedging
- Risk and real time analytics
- System adminstration, spread setting, visualisation of traders
- Rate dissemination - both GUI and FIX
- Complete partnership in monetising the business
The downstream processes are driven out of their existing components enabling full integration within only eight weeks.
Following installation MFX Compass continues to partner with clients helping monetize and evolve their business, working with them to operate the technology to its optimal effect.
The MFX Compass Dashboard
Being able to control everything at a granular level is key to success in e-FX. The intuitive, user-friendly and easily accessible MFX Compass Dashboard gives institutions complete control over their business, enabling them to monitor everything from the flow and P&L, to configure spreads and pricing tiers. The dashboard is also fully customisable to suit your requirements.
MFX Compass not only provides the technology and expertise but also on-going advice and collaboration on operations and optimisation.