MahiFX, a web-based proprietary-built foreign exchange trading platform, has been launched in London.

The platform, developed by ex-interbank traders, analysts and developers, is headed by David Cooney, former global co-head of currency options and e-FX trading atBarclays Capital and Susan Cooney, former head of electronic FX institutional sales in Europe for Barclays Capital.

The platform’s trading functionality includes institutional level pricing, tradeable prices, automatic resize of stop losses and take profits, graphical order history and 24-hour streaming news and economic calendars.

“Our aim is to bring genuinely tight institutional level pricing direct to the retail FX trader through a richly informative, elegantly designed platform," said David Cooney, MahiFX chief executive officer. “As a market maker we are able to offer our customers access to consistently tight spreads previously unavailable in the retail sector.”

MahiFX is headquartered in New Zealand, with offices in London. It is regulated by the Australian Securities and Investments Commission, Australia’s corporate, markets and financial services regulator.