…Curtis Pfeiffer, chief business officer at trading-technology vendor Pragma Securities, said a key component of the FXGC is trade execution, requiring banks to be more transparent about whether they are acting as a principal or agent and how they demonstrate best execution.
…The study by brokerage Pragma Securities LLC adds to a growing body of research that suggests regulators’ Tick Size Pilot Program has added to investors’ cost without doing much for the small and midsize companies it was meant to help.
…Curtis Pfeiffer, chief business officer at Pragma Securities, a provider of trading algorithms, said: “Managing exposures and hedging against volatile movements in the Turkish lira has obviously been a priority for traders in the currency markets this week.”
…Since the FX market functions 24 hours a day and market-moving events can happen at any time, it seems natural that being able to trade at times of market stress could be beneficial, says Curtis Pfeiffer, chief business officer at Pragma Securities…
Equity traders have used algorithms to execute orders for more than a decade. But now algos increasingly are being developed specifically for the futures and FX markets. Ultimately, algorithms are intended to automate best practice and improve efficiency, says David Mechner, co-founder and CEO, Pragma.
Pragma Securities has attracted widespread attention over the years due to its flagship offering, Pragma 360, an algorithmic trading platform for foreign exchange (FX), North American equities and futures.