Centroid Partners With BITA To Broaden Trading Solutions
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Centroid Solutions has teamed up with BITA to add BITA’s index technology to its connectivity platform. This lets more financial institutions use customized trading tools and index-based solutions.
The teamwork lets Centroid’s clients use BITA’s collection of indices via the Centroid Bridge platform, including equity, commodity, cryptocurrency, and forex-based CFDs.
The Collaboration Enhances Centroid’s Market Tools And Expands BITA’s Reach
The partnership improves Centroid’s market tools while helping BITA reach more people with its index technology. It focuses on giving thematic and regional indices along with special financial products.
Cristian Vlasceanu, the Chief Executive Officer of Centroid Solutions noted that BITA’s clever way of handling indices matches the firm’s goal of giving strong, dependable market tools and risk solutions.
The new setup adds a mix of index-based CFD tools like Thematic stock-based products, Global commodity indices, Multi-currency trading tools, and Digital asset trading options.
The Chief Executive Officer of BITA, Victor Hugo Gomez gave his opinion regarding the alliance. He said the firm’s work with Centroid Solutions shows BITA’s promise to bring new ways of trading to the community. He added that with Centroid’s solid connection tools, clients can use the indices across many asset types, including thematic and new market trends.
BITA has worked with several FX and CFD brokers, such as Plus500. Last year, it added the BITA Artificial Intelligence US Giants Index (BAIGUI), giving more choices to its clients.
Centroid Solutions has been busy teaming up with other companies this past month, and BITA’s partnership is the fourth one so far.
Recently, Centroid and eToro worked on growing their tools for the Middle Eastern financial markets. eToro joined the Abu Dhabi Securities Exchange (ADX) to bring ADX-listed stocks to its platform. Centroid, meanwhile, is linked with Aljazira Capital, letting clients trade in Saudi Arabia’s financial markets.
Centroid Partnered With Arqaam Capital To Expand Market Access In The UAE
A week ago, Centroid added Financial Modeling Prep’s (FMP) financial data tools to its trading system, giving its clients better market data. This update helps financial institutions and brokers using Centroid’s platform get real-time and past pricing data, market news, and company basics, directly from their trading tools.
In November, Centroid grew its market access in the United Arab Emirates by teaming up with Arqaam Capital. This connection opened the door to top GCC exchanges, like Dubai Financial Market (DFM), ADX, and Nasdaq Dubai.
The company also worked with SNB Capital, the biggest investment bank in Saudi Arabia, allowing brokers from other countries to trade in Saudi Arabia’s growing stock market.
This setup lets brokers using Centroid’s platform trade on the Saudi Exchange (Tadawul) via SNB Capital’s system, helping more international traders access the Middle East’s largest equity market.
Saudi Arabia continues to pull in global investors due to its economic changes and market reforms. SNB Capital, which boasts $69.3 billion in managed assets, remains the biggest player in the country’s asset management sector.
