Centroid Solutions, a technology provider in the trading industry, has opened a trading gateway to the Middle Eastern financial markets with its latest partnership with Dubai Financial Market (DFM), one of the largest stock exchanges in the United Arab Emirates.
Centroid Solutions Partners with DFM
Announced on Wednesday, the partnership will allow the clients of Centroid to access Dubai-listed securities and financial instruments and offer them locally and globally.
“As a UAE-headquartered global fintech company, we are delighted to closely collaborate with Dubai Financial Market, to enable easy access of Dubai listed securities to our global customer base. Through our flagship multi-asset connectivity technology, financial institutions can now expand their offering, enabling trading of regional securities to their customers,” said Cristian Vlasceanu, the CEO of Centroid Solutions.
“We believe this integration will benefit not only regional financial institutions but also global players, driving additional investments into the region at a time when Dubai is cementing its position as a powerful capital markets hub globally.”
Centroid is a technology solutions and infrastructure provider for the trading industry, offering risk management, bridging, execution engines, and hosting solutions. It explicitly targets brokers with multi-asset offerings improving their risk-adjusted returns and optimizing operating costs, among other things.
According to the company, it has existing connectivity to more than 250 liquidity venues and market participants. In addition, it offers integration with popular trading platforms like MetaTrader 4 and MetaTrader 5 and access for global financial institutions to DFM with pricing, order execution, and risk engines.
Meanwhile, Centroid is enhancing its offerings with other industry partnerships. It recently inked a deal with Australian fintech, IRESS, to offer its clients real-time pricing data and trading APIs.
Simplifying Access to Dubai
The partnership of Centroid and DFM came with a push toward Dubai’s vision of capital markets’ development and digital transformation. Indeed, the Middle Eastern market is already witnessing the most significant interest from international investors, as 49 percent of the total value of trades on DFM in 2022 originated with international investors.
“As part of our wide-ranging digital transformation strategy, we are delighted to cooperate with Centroid Solutions through this strategic connectivity agreement. We are cooperating with leading financial institutions and fintech providers to implement numerous initiatives aimed at driving market accessibility to DFM traded securities and products,” said the Chief Operating Officer at DFM, Khalifa Rabba.
