Centroid Solutions, a financial technology provider, has completed its integration with SNB Capital, Saudi Arabia’s largest investment bank. This partnership enables international brokers to access Saudi Arabia’s $2.6 trillion stock market directly, marking a significant expansion of Centroid’s reach in the Middle East.
Expanding Middle East Market Access
Through this integration, brokers using Centroid’s connectivity platform can now execute trades on the Saudi Exchange (Tadawul) via SNB Capital’s infrastructure. This setup provides international brokers streamlined access to the largest stock market in the Middle East, where economic reforms and market liberalization efforts continue to attract foreign investment.
SNB Capital, managing $69.3 billion in assets, is a leading player in Saudi Arabia’s asset management sector, bolstering Centroid’s capacity to support global broker engagement in the region.
Strategic Integration with Centroid Bridge
The integration is powered by Centroid Bridge, Centroid’s proprietary connectivity engine, which facilitates liquidity management and order execution. The platform ensures direct access to Saudi equities, while adhering to local trading regulations, and aims to enhance trading operations for international brokers in the Middle Eastern market.
SNB Capital’s institutional strength spans multiple business areas, including securities trading, asset management, and investment banking, adding further capabilities to Centroid’s offerings. This development also follows SNB Capital’s recent partnership with Interactive Brokers, which provides Interactive Brokers’ clients with access to Saudi stocks.
Recent Developments and Broader Reach
Centroid Solutions has been rapidly expanding its network, establishing partnerships to enhance its technology suite. Earlier this month, Scope Prime, part of the Rostro Financial Group, integrated with Centroid’s platform, granting Centroid clients access to extensive liquidity pools offered by Scope Prime, enhancing operational connectivity and liquidity management.
In September, Centroid integrated its Centroid Bridge with Bloomberg FixNet, a service connecting over 2,000 broker-dealers. This collaboration extends brokers’ access to Bloomberg’s network, strengthening trading capabilities across a variety of asset classes.
Additionally, Centroid expanded its partnership with DXtrade to support DXtrade’s CFD white-label platform through Centroid Risk, the company’s risk management system. This development broadens the range of solutions Centroid offers to brokers, emphasizing its commitment to advancing trading infrastructure and client access across global markets.
