Centroid Solutions, a fintech company specializing in financial trading technology, has announced an expanded collaboration with DXtrade. This partnership will now include support for the DXtrade CFD white-label trading platform on Centroid Risk, Centroid's risk management system.
DXtrade is a trading platform developed by Devexperts, a software company focused on capital markets. The platform is designed to be customizable, offering options for both partial and full customization. DXtrade includes a web trader, mobile apps for Android and iOS, and various tools for broker management and client services.
Brokers Access 250 Market Makers
The partnership between Centroid and DXtrade began in 2021. Initially, the DXtrade platform was integrated with Centroid Bridge, Centroid's multi-asset connectivity bridge engine. This integration provided broker clients using DXtrade with access to more than 250 market makers.
“This integration of DXtrade into Centroid Risk marks a significant advancement in empowering brokers with tools that go beyond just liquidity access to include robust risk management capabilities,” said Centroid Solutions CEO, Cristian Vlasceanu, commenting on the integration and collaboration.
“By integrating DXtrade into our comprehensive risk management system, we enable brokers to gain deeper insights into their operations, optimize decision-making, and better manage risk,” he added.
In December, Centroid Solutions enhanced its services for multi-asset brokers through a new partnership with TransactCloud, as reported by Finance Magnates. This collaboration integrates their business and technical infrastructures, combining Centroid's technology with TransactCloud's operational support and system interoperability.
New Tools for Brokers
The recent integration of DXtrade into Centroid Risk allows brokers using the DXtrade platform to access advanced risk management tools. This includes detailed insights into portfolios, client trading behavior, and complex analytical data. According to the press release, these features are intended to help brokers manage risk and improve profitability.
Jon Light, Head of OTC Platform at Devexperts, said: “Through this new integration with Centroid, our brokers will now have access to a wealth of information that allows them to better mitigate against and manage potential risk. Providing access to Centroid Risk services equips our brokers to make more informed decisions, and grow their businesses safely and effectively.”