Centroid Solutions is enhancing its offerings by bringing real-time pricing data and trading APIs with its latest partnership with Iress (ASX: IRE), an Australian financial services industry technology company.

Centroid Partners with Iress

Announced on Wednesday, the collaboration between the two companies will ensure that Centroid's online broker clients can access real-time market data from global markets and integrate them into their platforms in "a fast, efficient, and cost-effective way."

With the integration of Iress's ConsolidatedFEED API data solution, Centroid can offer clients an enhanced, end-to-end solution for pricing and trading exchange-traded products.

"It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress, we have found absolutely the right partner to add to our client offering," said Cristian Vlasceanu, the CEO of Centroid Solutions.

Centroid is a technology solutions and infrastructure provider to the trading industry, offering risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, bridging and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term engines, and hosting solutions. It explicitly targets brokers with multi-asset offerings improving their risk-adjusted returns and optimizing operating costs, among other things.

An explanation of Centroid Solutions' services.

Centroid has integrated Iress's API data and trading solutions into its connectivity engine, Centroid Bridge, a sophisticated Liquidity Management and Order Execution Engine.

"With Iress, all the development and network configurations have been handled very smoothly and rapidly, and we anticipate seamless on-boarding for new customers to the offering. We are excited to grow our client base with these new, enhanced capabilities," Vlasceanu added.

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Demand for Trading Technology Is Growing

Iress is a major player in the financial services technology market, offering software and services for trading and market data, financial advice, investment management, mortgages, superannuation, and data intelligence, among other things. According to the company, more than 10,000 businesses and over 500,000 users globally use its software.

"Iress's ability to deliver high-performance API data feeds to power applications and provide managed trading infrastructure services means that we can provide the most comprehensive end-to-end solutions on the market," said Lionel Sancenot, Iress' Managing Director of Continental Europe.

"This agreement [with Centroid] also demonstrates the immediate benefits we can generate for our partners as we help to enhance the trading outcomes for their end users. We look forward to a long and successful relationship with Centroid."