Bridge and risk management technology provider Centroid Solutions has integrated with Velocity Clearing, a company that provides prime brokerage and technology services to financial institutions and professional traders.
The integration means that Velocity Clearing’s services can now be accessed via the Centroid Bridge, a connectivity and risk management tool.
Velocity Clearing provides execution, clearing, and other broker-dealer services to clients. Centroid clients can now use these services to access US equities, ETFs, and exchange-traded derivatives.
In a statement, Centroid said that the integration will result in better price management and faster trade execution for clients using the Centroid Bridge.
“At Centroid Solutions, we are committed to innovation and empowering brokers with the tools they need to succeed in today’s competitive market,” the company said. “This integration represents our dedication to delivering cutting- edge solutions that drive growth and profitability for our clients.”