Centroid Solutions, a technology provider in the financial services industry, has bolstered its offerings to multi-asset brokers with its latest partnership with TransactCloud, which provides round-the-clock operational support and system interoperability services.
A Strategic Partnership Deal
Announced today (Tuesday), the partnership integrates the two companies' business and technical infrastructures. Centroid brings its comprehensive technology solution in the partnership, while TransactCloud offers operational expertise.
"As we continue to grow our business in the APAC region, we see that some brokers are in need of guidance and expertise to help them grow and further their business. TransactCloud's suite of services is just what they need," said Cristian Vlasceanu, the CEO of Centroid Solutions.
Growing Demand for Trading Technologies
Centroid is known for offering technology and infrastructure solutions for the trading industry. Its solutions include tools for risk management, execution engines, bridging engines, and hosting services.
Last October, Centroid partnered with Skale, a CRM provider that comes pre-integrated with the FX market's trading platforms, payment service providers, KYC tools, and business intelligence tools. It also enhanced offerings through a partnership with Dubai Financial Market to provide access to Middle Eastern markets and collaborated with Iress to provide real-time market data.
"Centroid's bridge solution continues to be one of the best in the market," said Jason Chin, the Managing Director of TransactCloud. "With innovative and groundbreaking features, it allows us to deliver robust and scalable trading technology infrastructure solutions to our clients."
"Together, I am confident we can empower our clients to focus on growing their business while leaving their trading technology infrastructure in our good hands."
Meanwhile, many companies are tapping Centroid's services and products to enhance their services. Some of these names are TraderEvolution, FYNXT, and Match-Trader.
Commenting on TransactCloud's team, Centroid's CEO added: "They have helped numerous brokers of any size solve technical problems, scale and implement multiple systems, as well as providing round-the-clock support to help avert cascading system issues that can hurt revenues."
