The life of MFX Echo
Electronic trading was met with a fair bit of skepticism in the early days, but this was frankly nothing compared to the introduction of trading analytics. “Everybody knows it’s not about the data” was one of the many common opinions received on the rollout of our first rudimentary analytics platform. However, for us, the e-salespeople on the desk, the change was very welcome.
Our job was to manage flow, respond to customer queries quickly, and explain slippage. Up to that point, slippage involved being shouted at down the dealer board whilst simultaneously sprinting across the trading floor to an angry-looking trader at the spot desk, attempting to work out what was happening. Suddenly, we had a vast array of queries at our fingertips that we could utilise to answer the most pressing questions for our e-business. It felt positively futuristic.
Fast forward a few years to founding our own company, and it became clear we needed to build something special; something that would aid trading decisions, give us total clarity about what was happening with pricing, LPs, counterparties and alert us to coordinated trading and EAs.
It would allow us to run powerful simulations for pricing and risk. It was to become the trader’s best friend.
Today, our trusty and loyal assistant, MFX Echo, helps many customers to analyse their business, diagnosing issues that are causing them harm. Occasionally, people ask us what differentiates MFX Echo from the other analytical systems on the market. To us, this is very clear: MFX Echo is the work of multiple years of direct trading experience, operating at the front line of e-trading. It has been crafted with fine detail and dedication to helping others, designed by traders for traders. Crucially, we are also extremely fortunate in not only diagnosing issues with MFX Echo but also assisting clients in fixing those issues.
So, yes, that guy all those years ago was very wrong. It is very much about the data, but also, and more importantly, it’s about what you do with that data.
