BrokerCheck
Pragma’s FINRA BrokerCheck page can be found at
https://brokercheck.finra.org/firm/summary/136453
FINRA Investor Brochure
Pragma LLC is a member firm of the Financial Industry Regulatory Authority (FINRA). As such,
we are required to inform you of the availability of a FINRA Investor Brochure, which includes
information on the FINRA Public Disclosure Program. You may contact the FINRA public hotline
at 1-800-289-9999 or on the Internet at www.finra.org.
SIPC Disclosure
We are members of the Securities Investor Protection Corporation (“SIPC”). You may obtain
information about SIPC by contacting it at the following address:
Securities Investor Protection Corporation
805 15th Street, NW, Suite 800
Washington, DC 20005
Phone: 202-371-8300
Toll-free: 1-800-424-4343
Email: asksipc@sipc.org
Website: www.sipc.org
Extended Hours Trading
Extended hours trading involves additional risks and may not be suitable for all investors. Orders for
extended hours trading are executed during the pre-market or after-hours trading sessions. These
sessions may occur outside of the standard market hours of 9:30 AM to 4:00 PM Eastern Time. Trading
during these times can be highly volatile, with prices fluctuating rapidly and large bid-ask spreads.
Investors who participate in extended hours trading should be aware of the following:
- The prices of securities traded during extended hours trading may not reflect the prices during
regular market hours. - Liquidity may be lower during extended hours trading, which can result in wider bid-ask spreads
and difficulty executing trades. - News announcements and other events can occur outside of regular market hours that can
significantly affect stock prices. - Orders placed during extended hours trading may be filled at prices significantly different from
the price at which they were entered, due to market volatility and limited liquidity. - Some types of orders, such as stop-loss orders, may not be honored during extended hours trading.
It is important to understand the risks involved with extended hours trading before deciding to
participate.
Pragma has developed a Business Continuity Plan on how it will respond to events that significantly disrupt business activities. Since the timing and impact of a disaster or disruption is unpredictable, we must be flexible in responding to events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us – If after a significant business disruption you cannot contact us as you usually do at 212.777.0052 you should call our alternative numbers 917.678.1626, 516.587.7207.
Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting our firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.
Our business continuity plan addresses: data backup and recovery; mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical suppliers, contractors, and banks.
While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, if our core technology infrastructure is intact, we generally aim to be able to restore our own operations and be able to resume services within 24 hours of a severe disruption. Our algorithmic trading services could be delayed or unavailable during this period.
Varying Disruptions – Significant business disruptions can vary in scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the entire region. Within each of these areas, the severity of the disruption can also vary from minimal to severe.
We take several precautions to allow us to respond flexibly to range of disruptions. These precautions include running our core technology out of a high availability commercial datacenter that will be resilient to power interruption, maintaining a secondary datacenter, making plans for employees to communicate with each other, access our business records, and support our services from remote locations in the event we can’t work from our offices, and backing up important records in a geographically separate area from our primary locations.
In a disruption that prevents our staff from reaching or working from our offices, we will transfer operations to work in a distributed fashion, and expect to recover and resume business within 24 hours. In a disruption affecting our region that prevents this, we will work to transfer critical staff to a site outside of the affected area, and recover and attempt to resume business as soon as possible. In either situation, we plan to notify you how to contact us, either through direct calls to our customers, or through our web site,
For more information – If you have questions about our business continuity plan, you can contact us at 212.897.0940.