On Monday, Match-Trade Technologies announced the integration of Centroid Solution’s Bridge Engine to its trading platform Match-Trader. According to the company, this will enhance connectivity, order routing, and execution functionality for brokers using the trading platform.
Match Trader Integrates Centroid’s Bridge Engine
Centroid Bridge is a connectivity, execution, and reporting system offering execution capabilities. With the latest integration, Math Trader has joined the list of liquidity providers and retail trading platforms provided by Centroid’s solution.
“The last few years have been a very good time for our companies, both Centroid and Match-Trader are getting more and more popular every day,” said the CEO of Match-Trader Technologies, Michael Karczewski. “New brokers are interested in our products, so to meet their expectations, we decided to expand our integration.”
“From now on, our Match-Trader Trading Platform will be integrated with the advanced Bridge Engine offered by Centroid Solutions. The extension of our technological ecosystem gives our clients more flexibility in choosing their desired bridge provider.”
Extension of An Existing Partnership
Match-Trade Technologies launched Match-Trader as an institutional platform in 2015 and added standalone White Label capabilities for retail brokers in 2020. Now, it also sells server licenses. The company acquired over 175 new clients, which is over 30 percent more onboarded clients than in the previous year, ending 2022 with a 103 percent growth in revenue.
Moreover, Centroid is enhancing its offerings and tapped Australian financial services industry technology firm, Iress for offering real-time pricing data and trading APIs. Further, it partnered with Dubai Financial Market (DFM) to offer clients access to Dubai-listed securities and financial instruments and offer them locally and globally.
Earlier in 2020, Centroid Solutions expanded its customer’s connectivity options by integrating with Match-Trader Pro, the platform used by the liquidity provider Match-Prime Liquidity. This makes the latest integration an extension of an existing partnership.
“We are delighted to have extended our collaboration with Match-Trade Technologies,” said Cristian Vlasceanu, Centroid Solutions’ CEO. “With this collaboration, I believe we can help our clients in building the most sophisticated and flexible brokerage setups they require to succeed in our ever-changing and innovative market. To this extent, we are also planning as a next step to integrate our flagship Risk Engine with the Match-Trader Platform.”
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