MahiFX: MahiFX to Exit Retail FX Space

MahiFX has announced its intention to sell its Financial Conduct Authority, Australian Securities and Investment Commission and New Zealand Financial Markets Authority licences. The move signals an what the firm says is an "important strategic change" as it pivots away from providing retail FX brokerage services towards what it says is "core competency as a B2B technology provider to banks and brokers". David Cooney, co-founder and CEO of MahiFX, says, "The retail space is experiencing many of the challenges that the institutional space has been faced with for years.