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

Upcoming Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions

Date: 23 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications...

BLOG

Quincy Data Collaborates with NovaSparks to Enhance NovaTick with QED Feed Integration

Quincy Data, a division of McKay Brothers, has partnered with field programmable gate array (FPGA) market data technology vendor NovaSparks, to integrate the Quincy Extreme Data (QED) Feed into NovaSparks’ NovaTick ultra-low latency ticker-plant, which leverages FPGA matrix architecture to meet the high-performance demands of electronic trading platforms. The integration allows NovaTick to process the...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...