IG Announces Partnership with Centroid Solutions

IG Prime, the institutional prime brokerage unit of the financial services giant, IG Group, recently announced a partnership with Centroid Solutions, one of the leading financial technology providers, to facilitate a broad range of brokers through improved connectivity and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term services.

The press release shared with Finance Magnates states that IG’s latest collaboration with Centroid will offer institutional clients access to a large internal liquidity pool, created by more than 330,000 active clients making over 14 million transactions a month, as well as a wide selection of external liquidity venues.

IG Prime is one of the most important units of the IG Group. The institutional prime brokerage arm of the Group offers deep liquidity and real-time pricing to institutional clients around the world. The unit saw significant growth in 2021 amid a surge in demand for its services. Earlier this year, IG Prime signed a sponsorship deal with Rosberg X Racing, the Extreme E racing team owned by former Formula 1 world champion Nico Rosberg.

Commenting on the latest partnership with Centroid Solutions, Niamh Byrne, UK institutional sales leader at IG, said: “IG Prime has a track record in providing deep liquidity to brokers for more than two decades. This heritage, combined with our ongoing commitment to improving our offering, helps our institutional clients to execute quickly on a range of markets from anywhere in the world, and feel secure working with a company that has a long track record of serving this market.”

“Our collaboration with Centroid is a testament to our continual investment in faster, more intelligent execution technology, and to give institutional clients the most effective channel to access dynamic ever-changing markets,” Byrne added.

Technology

Centroid Solutions is a technology provider that combines real-time analytics and sophisticated 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 to strengthen sustainability for brokers. “We are delighted to join forces with a world-class multi-asset liquidity provider like IG. Now, our clients gain market access via IG’s multi-asset liquidity while IG’s clients benefit from our solutions in one centralized system. We look forward to working with IG to provide the best execution environment and access to global financial markets to our customers,” said Cristian Vlasceanu, CEO of Centroid Solutions.