Cristian Vlasceanu, CEO of Centroid Solutions, commented:
As a UAE-headquartered global fintech company, we are delighted to closely collaborate with Dubai Financial Market, to enable easy access of Dubai listed securities to our global customer base. Through our flagship multi-asset connectivity technology, financial institutions can now expand their offering, enabling trading of regional securities to their customers. We believe this integration will benefit not only regional financial institutions, but also global players, driving additional investments into the region, at a time when Dubai is cementing its position as a powerful capital markets hub globally.
Khalifa Rabba, Chief Operating Officer of DFM, said:
As part of our wide-ranging digital transformation strategy, we are delighted to cooperate with Centroid Solutions through this strategic connectivity agreement. We are cooperating with leading financial institutions and fintech providers to implement numerous initiatives aimed at driving market accessibility to DFM traded securities and products. During 2022, 49% of trading value originated with international investors and today’s initiative marks the start of greater access from trading and clearing members abroad and adds to existing connectivity solutions.
Earlier in February,Centroid partnered with technology company Iress to bring real-time pricing data and trading APIs to its client base.
