Exclusive: Centroid Solutions Opens a New Office in Cyprus

Broker technology provider Centroid Solutions has shared with Finance Magnates that the company is continuing to expand its operations. The company is opening a new office in Limassol and adds yet another hire to complement its growing team. Dimitri Thomas joins the company as Global Business Development Manager in Southeast Asia.

He has over 20 years of experience in the financial and IT industries and has been well versed with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, CFDs, options and equities products. The new hire is coupled with an expansion in the operational base of the technology provider.

Centroid Solutions' new office location in downtown Limassol, Cyprus will service existing and new clients as the firm continues its global expansion effort. In tandem with its growing team, the company is increasing its capacity to handle the growing number of customers it has in Europe, and around the world.

Global Push

These steps reinforce Centroid’s continuing global push at a time when brokers are becoming more cost-conscious and aware of the challenges to their business models. With an advanced lineup of products that caters to different broker groups, and a highly experienced team spread globally, the firm is well on its way to becoming one of the major technology providers for the brokerage industry.

Before joining Centroid Solutions, Thomas served as Global Business Development Manager at PrimeXM between 2014 and the end of 2018. With substantial experience on the brokerage side of the industry too, he understands the needs of prospective new clients of Centroid Solutions.

Commenting on the new hire for the company, Centroid’s Head of Business Development, Richard Bartlett, said: “With the launch of our latest 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 and bridge aggregation solutions, to have such a trustworthy and experienced person as Dimitri representing us in Southeast Asia, is a real plus and will ensure that our exposure is maximized in the region.”

“I strongly believe that the Centroid offering is comfortably ahead of other solutions in the market, which provides me a fantastic opportunity to represent them aggressively in Southeast Asia. I also welcome the opportunity to work closely with Richard again and replicate the success we have enjoyed in other roles,” commented Thomas on his appointment.

Centroid Solutions announces the news after attracting several other key executives to its team. Last year the firm deployed a full suite of software products centered on optimizing broker performance.