Headlines

Pragma voted Best independent algorithmic trading technology provider of the year at the 2019 FX Week e-FX Awards

…Pragma has just launched an algorithm to trade non-deliverable forwards, derivatives used to hedge exposure to illiquid currencies, especially in emerging markets, according to Curtis Pfeiffer, chief business officer at the firm…

…“It is a significant challenge for systematic circuit breakers to be employed uniformly across the FX market,” says Curtis Pfeiffer, chief business officer at Pragma Securities…

…As a result of the constant — if often inconsequential — moves in the pound, trading sterling has become some 30 per cent more expensive, according to David Mechner, chief executive of algorithmic trading specialist Pragma Securities…

For Curtis Pfeiffer, chief business officer at algo-trading tools provider Pragma, FX teams specifically are not only dealing with bad information, but actually lack some of the data necessary to build machine learning-based trading models.

One of the early algorithmic trading pioneers is David Mechner, Chief Executive Officer at Pragma Securities. Pragma has been at the forefront of algo technology and recently John D’Antona Jr, editor of Traders Magazine, caught up with Mechner…

…“It’s about working with vendors who specialise in things like aggregation, analytics, smart execution, and that has to be part of the evolution because it’s impossible to do everything in-house,” said Danielle Caravetta, director of global sales at Pragma Securities.

…Curtis Pfeiffer, chief business officer at Pragma Securities, a multi-asset quantitative trading technology provider, said in an email: “The internationalization of the Chinese currency continues…”

Algorithmic trading is set to flourish in 2019, as many market participants, particularly banks, focus their attention on recalibrating their technology stacks to compete more effectively in an environment where automation, efficiency and transparency have become the norm, says David Mechner, co-founder and chief executive of algo technology provider Pragma Securities.