A Singapore-based fintech firm, FYNXT has partnered with Centroid Solutions to offer multi-asset brokers tools to manage their operations and enhance trading capabilities.

The partnership, announced today (Tuesday), will enable brokers to access Centroid's multi-asset connectivity engine, instant risk management systems, and a secure trading infrastructure with low latency, the Dubai-based fintech firm said.

Samuel Aeby, the CEO of FYNXT, expressed optimism about the partnership: "We firmly believe that this collaboration will bring significant benefits to our existing and potential clients. In addition to our digital front office, brokerages require a real-time risk management system and a robust network infrastructure that can support high-frequency trading while maintaining low latency and unwavering stability."

Enhanced Solutions for Multi-Asset Brokers

Formerly known as Simple2Trade, FYNXT, whose name is an abbreviation of FYNancial Services with the NXT-Gen Digital Front Office, offers vertically integrated digital platforms in SaaS and licensed formats for financial service providers, cross-border remittance providers, banks, among other institutions.

Under the new partnership, the two companies aim to combine Centroid Solutions' capability in connecting trading platforms and liquidity providers with FYNXT's digital front office.

"While our clients are leveraging our expertise in building their low latency network infrastructure (through our Centroid Hosting Solution) and connecting to multi-asset LPs and trading platforms (via our Centroid Bridge connectivity engine), they can take advantage of this partnership to gain access to FYNXT's solutions," said Cristian Vlasceanu, Centroid Solutions' CEO.

FYNXT's Other Partnerships

Last year was a busy year for FYNXT. The company entered into several partnerships to enhance its offerings for multi-asset brokers. Finance Magnates reported that the firm integrated Shufti Pro's AI-enabled identity verification solution into its client manager and portal.

Moreover, FYNXT partnered with DXtrade, a forex and CFDs trading platform developed by Devexperts. This enabled brokers to obtain licenses for its solutions and access to DXtrade's services within its platform. The two firms announced the partnership in early 2022.

Recently, Centroid Solutions teamed up with the Dubai Financial Market, a top stockbroker in the United Arab Emirates (UAE), to allow its clients to access Dubai-listed securities and financial instruments.

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