About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MahiFX Offers FX Trade Analysis and Visualisation Tool MFX Echo

Subscribe to our newsletter

By Uri Inspector, Staff Reporter

MahiFX, the institutional and retail foreign exchange (FX) technology services firm, has introduced MFX Echo, a white-label trade analysis, liquidity visualisation and price explainer tool that allows eFX traders to evaluate markets and analyse performance during and post execution. Following the success of MFX Compass, a pricing and risk management tool, and MFX Vector, an algo execution command centre, Echo aims to make FX price action technology that has been the preserve of larger banks accessible for smaller traders.

MFX Echo is designed to help traders visualise liquidity with the aim of building a more thorough picture of market conditions. Across several of MFX Echo’s browsers, traders can visualise price and quantity levels in 2D or 3D, plot total liquidity within certain price thresholds and spreads by time, and upload a trade’s CSV simulation. The solution’s top-of-book price browser allows users to view external and internal bid and offer top-of-book at any time between several months ago and up to one second ago.

MFX Echo is offered with a monthly fee and is most suitable for institutional trading at banks, brokers and buy-side businesses that want full transparency over trades. For clients that already use MFX Compass, MFX Echo will be provided at no extra cost.

It can also be used to complement other business algos or MFX Vector. Once a trader has used Echo to assess market conditions and price action, Vector can be used to trade passively or aggressively using algorithms such as Dynamic Time Algorithm (DTA) and Adaptive Aggressive Strategy (AAS).

David Cooney, co-founder and CEO of MahiFX, and former Barclays FX executive, says: “We are excited to offer traders this level of granularity, which has previously only been available to large banks due to high cost and complexity. MFX Echo has the ability to analyse, in detail, across multiple venues, parameters such as which markets moved first, how many moved and how quickly they recovered. It can also identify high impact behaviour such as sweeps, all with the aim of informing better trading.”

MFX Echo is hosted on the Amazon Web Services (AWS) cloud and uses a firehose streaming mechanism to efficiently gather large volumes of data from trading servers while minimising the risk of overloading their network interfaces with too much data. It makes the data available for analysis in under a second, guiding users on the right trading strategy for current market conditions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

The ‘Always-On’ Gauntlet: How Converging Markets and 24/7 Trading are Forging the Next-Gen of Infrastructure

The concept of the ‘trading day’ is rapidly evolving. For generations, the rhythm of capital markets has been associated with the opening and closing bell, a predictable cycle that provided a crucial window for settlement, risk management, and system maintenance. But is that window now closing? A series of forward-looking discussions at A-Team Group’s recent...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...