Singapore-based fintech firm FYNXT has partnered with
Centroid Solutions to offer multi-asset brokers tools to manage their
operations and enhance trading capabilities.
Announced today (Tuesday), the
partnership 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, CEO of FYNXT,
expressed optimism about the partnership, saying: “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 as 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 onboarded DXtrade, a forex and CFDs
trading platform developed by Devexperts, to enable brokers licensing
its solutions access DXtrade’s services within its platform, the two firms
said during the announcement of the partnership in early 2022.
On the other hand,
Centroid Solutions recently 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.
BidFX hires eFX expert; Orbex’s prepaid card; read today’s news nuggets.
This article was written by Jared Kirui at www.financemagnates.com.
