Adaptive overlays allow advanced, dynamic customization and comprehensive liquidity access. Pragma's innovative suite provides a heightened level of flexibility and control over how your algorithm reacts to various market conditions.
Total Control
Overlays are optional, can be mixed and matched, and collectively provide a level of control that until now has required either custom development or frequent manual intervention by traders.
Speed Up – Speed up trading when better (or worse) than the benchmark of your choice (Arrival, Open, Last, etc.), a specified price point, or relative to another instrument such as an ETF.
Slow Down – Slow down trading when better (or worse) than the benchmark of your choice (Arrival, Open, Last, etc.), a specified price point, or relative to another instrument such as an ETF.
Would If I Could – Aggressively trade a specified piece of the order better than or at a user-defined price.
Crossing – Expose a specified piece of the order to select dark pool destinations through Daggregator, optionally with a separate limit price.
Min/Max % of Volume – The ability to specify a minimum and maximum percentage of volume participation.
Cash Balanced – Keep the cash ratio of a basket within a specified dollar tolerance of a specified ratio.
