02/08/2023 | Press release | Distributed by Public on 02/08/2023 05:00
Iress today announced it is partnering with Centroid Solutions, a fintech innovator specialising in bridging connectivity and risk management systems for multi-asset financial institutions, to bring real-time pricing data and trading APIs to Centroid's client base.
The collaboration means Centroid's online broker clients can gain real-time market data from global markets, integrated into their trading platforms in a fast, efficient and cost-effective way, via Iress.
Powered by Iress's ConsolidatedFEED API data solution, Centroid can now offer its clients an enhanced, end-to-end solution for pricing and trading exchange traded products. Iress's API data and trading solutions have been fully integrated into Centroid's connectivity engine, Centroid Bridge, a sophisticated Liquidity Management and Order Execution Engine.
Iress' Managing Director - Continental Europe, Lionel Sancenot, said, "Iress's ability to deliver high-performance API data feeds to power applications and provide managed trading infrastructure services means that we can provide the most comprehensive end-to-end solutions on the market. This agreement also demonstrates the immediate benefits we can generate for our partners as we help to enhance the trading outcomes for their end users. We look forward to a long and successful relationship with Centroid."
Centroid Solutions' CEO, Cristian Vlasceanu, said, "It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering."
He added: "With Iress, all the development and network configurations have been handled very smoothly and rapidly, and we anticipate seamless on-boarding for new customers to the offering. We are excited to grow our client base with these new, enhanced capabilities."