Headlines

The SEC’s Tick-Size Pilot was launched with the best interests of investors and issuers in mind. But the outcome has been very different.

…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.”

…In speaking to Traders Magazine, Curtis Pfeiffer, Chief Business Officer at Pragma Securities, said there were a number of takeaways from the meet – especially when it came to the buy side….

…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 wins this year’s best front-office execution platform category, thanks to Pragma 360, dethroning the winner for the past three years, Fidessa.

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.

…Curtis Pfeiffer, chief business officer at Pragma Securities, a multi-asset quantitative trading technology provider, told Markets Media: “An increasing number of dealers are streaming NDFs prices, and streaming prices are a prerequisite for algorithmic trading, so clients asked us to develop algos as we have done in the spot market.”