Centroid Solutions partners with Atlas Bank for FX liquidity in LATAM

Rick Steves

“Partnering with Centroid is an important step for us in offering our flexible liquidity and banking solutions to a wider audience of FX brokers.”

Centroid Solutions has scored a new strategic partnership, this time with Atlas Bank, a Latin America domiciled bank that provides clearing and settlement services with an “e-bank” model.

Headquartered in Panama, Atlas Bank offers a proprietary prime services platform for institutional clients to engage in foreign exchange dealing strategies, trading, clearing, and settlement.

Atlas Bank targets FX brokers

Daniel Caamano, Chairman of Atlas Bank, said: “Partnering with Centroid is an important step for us in offering our flexible liquidity and banking solutions to a wider audience of FX brokers. We are confident that through collaboration with businesses like Centroid that have the technology to help brokers access our services, it will allow us to serve more potential clients in a wide range of global jurisdictions. Our aim is to grow the Atlas FX business with these types of strategic partnerships to offer as many potential clients as possible the benefits of working with a bank that has a truly service led approach.”

Cristian Vlasceanu, Chief Executive Officer of Centroid Solutions, commented: “We are delighted to establish this partnership with Atlas Bank and integrate our technology with their liquidity, clearing, and settlement solutions. Our customers will benefit from this partnership by gaining access to high quality liquidity and can expand their offering through the extensive products offered by Atlas Bank, accessible via the Centroid Gateways aggregator engine.”

DXtrade and FTT signed with Centroid

Last month, Centroid partnered with Fair Trading Technology (FTT) to help the firm become a leading digital, data driven, innovative solutions provider by empowering clients with cutting-edge financial technology solutions.

The partnership will strengthen FTT’s hosting and connectivity capabilities and empower their customer’s operations and setups.

FTT is a brokerage solutions provider offering modular, complete solutions for financial brokers. Its BrokerTools platform serves financial experts, investors, and money managers.

Last week, Devexperts’ stock and forex trading platform for brokers, DXtrade, was integrated with the Centroid Solutions aggregation liquidity hub.

This integration offers FX and CFD brokers using the DXtrade platform direct access to Centroid’s ultra-low latency liquidity aggregation engine, with connectivity options to over 100 market-makers. The collaboration between Centroid Solutions and Devexperts is aimed at developing and offering technology and service at the highest level for both brokers and their traders.

Centroid’s flagship offering includes Centroid24 and Centroid Gateways Aggregation Engine. The former is an all-in-one risk management software that automates in real-time all risk management and analytics activities for the dealing department and decision-makers of the company.

Centroid Gateways Aggregation Engine, on the other hand, is a bridging and execution engine, featuring a quant-based execution technology which enables flow allocation between b-book and a-book at a granular trade level, based on any quantitative risk factors the broker is tracking.

The execution engine opens up new revenue capturing capabilities for the broker, as well as greater flexibility for controlling the exposure, managing and optimizing the flow. Centroid Solutions also offers infrastructure and server hosting services, tailored for financial trading platforms.

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