Centroid Enhances UAE Market Access: Integrates Arqaam Capital

Centroid Solutions, a technology provider in the trading industry, has improved its clients' market access in the United Arab Emirates by integrating Arqaam Capital. Announced today (Thursday), the integration is complete and will provide access to the Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM), Nasdaq Dubai, and other GCC exchanges.

Last year, Centroid also partnered with the Dubai Financial Market (DFM), one of the UAE’s largest stock exchanges, to open the trading gateway to the Middle Eastern financial markets.

Access to the Middle Eastern Markets

The technology company elaborated that the latest integration will support equity trading in the UAE markets and other GCC countries.

Arqaam Capital primarily offers a range of services, including sales and trading, investment banking, asset management, wealth management, and liquidity provision. It has over 1,500 institutional partners in the UAE, Egypt, Lebanon, and Saudi Arabia.

“By connecting with Arqaam Capital, clients will benefit from seamless access to a wide range of trading services, improving their ability to capitalise on the dynamic opportunities within these rapidly growing markets,” the announcement noted.

Enhancing Offerings through Partnerships

Centroid provides technology and infrastructure solutions for the trading industry, including tools for risk management, execution engines, bridging engines, and hosting services.

Headquartered in Dubai, Centroid also operates offices in Cyprus, the Philippines, Hong Kong, Thailand, and Malaysia. The company has recently entered into several partnerships to expand its offerings and distribution network.

Last month, Centroid partnered with SNB Capital, Saudi Arabia's largest investment bank, enabling international brokers to access the kingdom's expanding equity market directly. It also partnered with Exness, a major CFDs broker, to distribute its liquidity.

Centroid's other partnerships include integrating Scope Prime’s liquidity pools and Bloomberg’s FixNet. It also collaborated with trading platform provider DXtrade, adding support for the DXtrade CFD white-label trading platform on Centroid Risk.