Financial
technology provider Centroid Solutions has completed integration with SNB
Capital, Saudi Arabia’s largest investment bank, enabling international brokers
to directly access the kingdom’s expanding equity market.
Centroid Solutions Expands
Middle East Reach with SNB Capital Integration
The
integration allows brokers using Centroid’s connectivity platform to execute
trades on the Saudi Exchange (Tadawul) through SNB Capital’s infrastructure,
expanding foreign trading access to the Middle East’s largest
stock market.
Saudi
Arabia continues to attract increased international investment attention amid
economic reforms and market liberalization efforts. SNB Capital, with $69.3
billion in assets under management, stands as the dominant player in Saudi
Arabia’s asset management industry.
The
partnership follows recent integrations with global market data provider Iress
and other major financial institutions. The company has been building out its
suite of trading infrastructure solutions, including the launch of a
proprietary liquidity aggregator earlier this year.
The
integration is being implemented through Centroid Bridge, the company’s
connectivity engine that provides liquidity management and order execution
capabilities. This system will now enable direct market access to Saudi
equities while maintaining compliance with local trading regulations.
SNB Capital
brings institutional capability to the partnership, operating across multiple
business lines, including securities trading, asset management, and investment
banking services.
Interactive Brokers also recently partnered with SNB Capital, providing its clients access to Saudi stocks.
Centroid’s Recent
Integrations
At the
beginning of the month, Scope Prime, the institutional liquidity division of
Rostro Financial Group, announced its integration with Centroid Solutions’
platform through Centroid Bridge. This partnership enables Centroid clients to
access a wide array of liquidity pools provided by Scope Prime, aiming to
enhance liquidity management, streamline operations, and improve connectivity
within the platform.
In
September, Centroid Solutions integrated its Centroid Bridge platform with
Bloomberg FixNet, a service that connects over 2,000 broker-dealers. This
collaboration aims to offer brokers expanded access to Bloomberg’s network and
strengthen trading capabilities across diverse asset classes.
Additionally,
Centroid Solutions announced an extended partnership with DXtrade last month.
This expansion will support DXtrade’s CFD white-label trading platform on
Centroid Risk, Centroid’s risk management system, broadening the range of
solutions available to brokers.
This article was written by Damian Chmiel at www.financemagnates.com.
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