Highly Commended (e-FX initiative of the year): MFXCompass

In February last year, MahiFX launched MFXCompass, a full-service, packaged solution that allows institutions to set up and run a spot electronic foreign exchange offering with a novel idea at its heart: profit sharing.

Technology providers have been offering price engines and distribution capabilities for some years, but as a client told FX Week, none provide the whole package in the same way as MahiFX. On top of that, no company has offered such technology on the basis of sharing both the