Technology and risk management solutions provider Centroid Solutions announced on Wednesday that it has integrated its trading solutions with Bloomberg FixNet.
The integration means that brokerage firms using Centroid’s products can connect with other companies using the FixNet system.
Bloomberg’s solution is used by more than 2,500 companies. It allows financial institutions to send and receive trading messages across the FIX protocol. That includes buy/sell orders, price quotes, and trade status updates.
The integration with Centroid means that brokers with an existing Bloomberg connection can now connect to FixNet via the Centroid Bridge and quickly gain access to the Bloomberg Trading Connectivity service.
The integration also supports multiple asset classes. That includes futures, equities, options, index swaps, fixed income, and foreign exchange. Multiple order types are also accepted when placing and executing trades.
“At Centroid Solutions, we are committed to offering our clients the best tools and technologies to enhance their trading experience,” said Centroid in a statement. “The integration with Bloomberg FixNet is a significant step in fulfilling this commitment, providing our brokers with superior access, advanced analytics, and optimized connectivity.”
This is the second major integration with a large trading network that Centroid has undertaken in the last couple of months.
At the start of July, the tech company announced that it had integrated with the London Stock Exchange Group’s Autex Trade Route.
Since then the company has also announced integrations with liquidity provider Finalto and Crossover Markets, a company that operates a trading venue for the cryptocurrency markets. Last week, Centroid also announced it had integrated its risk management solution with DXtrade, a trading platform offered by technology provider Devexperts.