Centroid Solutions, a fintech company specializing in financial trading technology, has announced an expanded collaboration with DXtrade. This partnership will now include support for the DXtrade CFD white-label trading platform on Centroid Risk, Centroid's risk management system.

DXtrade is a trading platform developed by Devexperts, a software company focused on capital markets. The platform is designed to be customizable, offering options for both partial and full customization. DXtrade includes a web trader, mobile apps for Android and iOS, and various tools for broker management and client services.

Brokers Access 250 Market Makers

The partnership between Centroid and DXtrade began in 2021. Initially, the DXtrade platform was integrated with Centroid Bridge, Centroid's multi-asset connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term bridge engine. This integration provided broker clients using DXtrade with access to more than 250 market makers.

“This integration of DXtrade into Centroid Risk marks a significant advancement in empowering brokers with tools that go beyond just liquidity access to include robust risk management capabilities,” said Centroid Solutions CEO, Cristian Vlasceanu, commenting on the integration and collaboration.

“By integrating DXtrade into our comprehensive risk management system, we enable brokers to gain deeper insights into their operations, optimize decision-making, and better manage risk,” he added.

In December, Centroid Solutions enhanced its services for multi-asset brokers through a new partnership with TransactCloud, as reported by Finance Magnates. This collaboration integrates their business and technical infrastructures, combining Centroid's technology with TransactCloud's operational support and system interoperability.

New Tools for Brokers

The recent integration of DXtrade into Centroid Risk allows brokers using the DXtrade platform to access advanced 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 tools. This includes detailed insights into portfolios, client trading behavior, and complex analytical data. According to the press release, these features are intended to help brokers manage risk and improve profitability.

Jon Light, Head of OTC Platform at Devexperts, said: “Through this new integration with Centroid, our brokers will now have access to a wealth of information that allows them to better mitigate against and manage potential risk. Providing access to Centroid Risk services equips our brokers to make more informed decisions, and grow their businesses safely and effectively.”