News

Sep 9, 2010

Flash Crash Prompts Scrutiny of Trading Structures - Financial News, June 14, 2010
On May 6, the Dow Jones Industrial Average plummeted 998.5 points in 20 minutes, wiping almost $1 trillion off the value of the market. While US regulators are taking action to prevent similar “flash crashes”, their European counterparts are asking serious questions about whether such an event could happen here...

Volatility Villains: You, Me and the Flash Traders - Barron's, June 5, 2010
Personally, I am unacquainted with that upstanding mug Nathan Detroit, but he nevertheless will be very happy to hear that the biggest floating crap game in New York is now legit, because it is being run on Wall Street...

Inside the Machine - Institutional Investor, June 2010
At 2:45p.m. on Thursday, May 6, George (Gus) Sauter received a frantic call from one of his traders to get in front of a Bloomberg terminal. The Dow Jones industrial average, already down 3.9 percent that day on fears about Greece, was in free fall. In just five minutes the index plunged 573 points...

Pragma Algo Moves with Market - Traders Magazine , June 2010

Crash in US Stock Markets Brings Safety Mechanisms into the Spotlight - Financial News, May 17, 2010
The specific cause of the crash in US stock markets on May 6 remains unclear, but with memories still fresh of the panic that ensued, focus is already turning to what can be done to ensure a similar event doesn’t happen again...

Pragma Introduces Trade Controls - Dealing with Technology, May 3, 2010
Quantitative trading services provider Pragma Securities recently introduced its Adaptive Overlays, a suite of controls designed to provide traders with enhanced customization and control over how algorithmic strategies react to market conditions, say officials...

Pragma Simplifies Adaptation of Algos - Securities Industry News , May 3, 2010

New Pragma Tool Allows Real-Time Algo Customization - The Trade News , April 28, 2010

Pragma Launches Adaptive Overlays for Algos - Advanced Trading , April 27, 2010

Benchmark Trades Go Dark - Traders Magazine , March 2010

"Dark Pools" Marketplace May Face Pruning - Reuters , February 24, 2010

Dark Pools Proliferate - Markets Media Online , February 19, 2010

Markets: Ghost in the Machine - Financial Times , February 17, 2010

Pragma Establishes Crossing ATS - Dealing with Technology , February 15, 2010
Quantitative trading services provider Pragma Securities recently launched Onecross, a multi-benchmark alternative trading system (ATS) and dark crossing network that allows traders to pair off on market-on-open and market-on-close orders, officials say...

Pragma Dark Pool Aims to Cut Buy-Side Opportunity Costs - The Trade News , February 12, 2010

Pragma Sets Up Dark Trading Venue - emii.com , February 11, 2010

Pragma Introduces ONECROSS - Automated Trader , February 11, 2010

Pragma Securities Launches Onecross Multi-Benchmark Dark Crossing Network - Banking Business Review , February 11, 2010

Pragma Securities Launches Onecross Multi-Benchmark Dark Crossing Network - CBR , February 11, 2010

Pragma Introduces ONECROSS Multi-Benchmark Dark Crossing Network - A-Team Group , February 10, 2010

Pragma Launches Dark Crossing Network - finextra.com , February 10, 2010

Pragma's New US Dark Pool to Mix Buy- and Sell-Side Flow - The Trade News , February 10, 2010

Pragma Introduces Multi-Benchmark Dark Crossing Network - Securities Industry News , February 10, 2010

Pragma Securities To Launch New Dark Trading Venue - Wall Street Journal , February 10, 2010
Algorithmic trading firm Pragma Securities launched a new off-exchange trading system on Wednesday designed to facilitate the buying and selling of specific orders in an anonymous setting...

Pragma Introduces ONECROSS Multi-Benchmark Dark Crossing Network - Wall Street & Technology , February 10, 2010

Pragma Launches Multi-Benchmark Dark Crossing ATS - Advanced Trading , February 10, 2010

US Firm Pragma Launches Dark Pool in Crowded Field - Reuters , February 10, 2010

Pragma to Launch Crossing Network for Benchmark Traders - Traders Magazine , February 9, 2010

Two New Dark Pools Prepare to Launch - Traders Magazine , December 4, 2009

HFT Shops Influence Job Market on Wall Street - Advanced Trading , November 16, 2009

Pragma Upgrades Liquidity Aggregation Tool - The Trade News , September 21, 2009

NYSE Floor Brokers Welcome Algos - Traders Magazine , September 2008

A Lifeguard Against Gaming in the Dark - Traders Magazine , September 2008

End Game: Anti-Gaming Technology in Dark Pools Tops Buy-Side Agenda - Advanced Trading , August 8, 2008

Special Report: Trading - Pensions & Investments , August 4, 2008
Fragmented, volatile markets are bringing brokers closer to institutions willing to pay higher commissions for quality service in a major trend reversal...

Floor Brokerages Remake Themselves - Traders Magazine , August 2008

NYSE Floor Brokers Get Ready for Algo Trading Kickoff - The Trade News, July 25, 2008

Smart Routes - AR, July 24, 2008
Navigating dark pools requires specialized tools.

Pragma and Weeden Launch Second-Generation Anti-Gaming Logic - Wall Street & Technology, July 11, 2008

OnePipe Rolls Out Advanced Anti-Gaming Logic To Catch Suspicious Trades in Dark Pools - Advanced Trading, July 08, 2008

Fair Game? - The Trade News, April-June 2008

Boom in 'Dark Pool' Trading Networks Is Causing Headaches on Wall Street - The Wall Street Journal, May 08, 2008

Picking Up the Pieces: Traders Deal with Fragmentation of Marketplace Liquidity - Traders Magazine, April 2008

Technology has set the pace of growth among US managers - Financial News, Feb 28, 2008
Improvements in technology have made it easier for the buyside to access dark liquidity while volatile market conditions are driving them to trade there – with volumes reaching record highs in January...

Dark-Pool Liquidity Manager OnePipe Goes Live - Securities Industry News, Feb 25, 2008

The Buy Side Demands More Transparency Into Brokers’ Dark Pool Algorithms - Advanced Trading, Feb 20, 2008

Demand for Quants Surges as Trading Requires More Math and Programming Skills - Advanced Trading, Dec 05, 2007

Less Stumbling in Dark with OnePipe - Traders Magazine, Dec 2007

Pragma and Weeden to Launch OnePipe to Manage Fragmented Liquidity Across Dark Pools - Wall Street & Technology, Nov 28, 2007

Demand for Quants Heats Up on Wall Street but Recruitment is Hard - Wall Street & Technology, Nov 26, 2007

Quants Caught Off Guard During the Credit Crisis - Advanced Trading, Nov 26, 2007

TradeTech West: Algos Inside Out - Advanced Trading, Sep 26, 2007

Market Risk – The Other Side of a Growing Issue - Risk Center, Sep 21, 2007
Whenever a juicy tidbit of information hits the wire, the media generally tends to latch on pretty tight and before anyone knows it, speculation turns to fact and concern turns to fear. While the content of my own September 19 article, entitled “Industry Risk – Job Security Fears Grip Wall Street” may very well be right on the money, an article posted on wstonline.com begs to differ...

Still Plenty of Job Opportunities in the Capital Markets - Wall Street & Technology, Aug 22, 2007

FPL Announces FIX Algorithmic Trading Definition Language Enters Beta Phase - CNW Group, Aug 16, 2007

Buyside Looks to Bypass Bulge-Bracket Algorithms - Traders Magazine, Sep 2006

Algorithms for Everybody Else - Traders Magazine, June 2005