Centroid Solutions has integrated its Centroid Bridge platform with Bloomberg FixNet, a network service connecting more than 2,000 broker-dealers destinations. This
partnership promises to offer brokers better access to Bloomberg’s network of
broker-dealers and improve trading capabilities across multiple asset classes.

Broker Access with Global Reach

According to Centroid Solutions‘ announcement, the
latest integration will optimize its offerings by providing brokers with the
ability to connect to other brokers globally through Bloomberg FixNet. Bloomberg FixNet is a connectivity service with more
than 2,500 connections. It offers brokers standardized FIX access for enhanced
transactions across various financial instruments.

The integration simplifies broker onboarding for those
already connected to Bloomberg’s infrastructure. Brokers can now utilize
Centroid Bridge to tap into Bloomberg Trading Connectivity services without
complicated technical setups by offering better access to other global brokers.

Centroid Solutions’ partnership with Bloomberg FixNet
reportedly allows traders to execute trades with greater flexibility across a
range of asset classes, including listed equities, futures, options, fixed
income, FX, and even index swaps.

Centroid Solutions also aims to enable brokers to
access better onboarding, enhanced flexibility, and wider market access with
Bloomberg FixNet integration. This is done by providing users with better services in a fast-paced trading environment.

Expanded Trading Capabilities

Recently, Centroid expanded its partnership with DXtrade to include support for the DXtrade CFD white-label trading platform on
Centroid Risk, Centroid’s risk management system. The collaboration between Centroid and DXtrade started in
2021.

DXtrade is a customizable trading platform with
options for partial and complete customization. The platform includes a web
trader, mobile apps for Android and iOS, and tools for broker management and
client services.

Meanwhile, Centroid Solutions integrated its services
with the London Stock Exchange Group’s (LSEG) Autex Trade Route technology last
year. The initiative aims to boost Centroid’s bridging solutions and expand its
clients’ access to diverse financial markets.

Centroid Solutions also expanded its offerings to
multi-asset brokers in collaboration with TransactCloud. The service offers round-the-clock operational support and system interoperability. Centroid
also teamed up with Skale, a CRM provider pre-integrated with the FX market’s trading
platforms, payment service providers, and KYC tools.

This article was written by Jared Kirui at www.financemagnates.com.

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