Changing in the way currency benchmarks are calculated has seen FX trading transition to a more agency-style model, according to research from Pragma Securities…
Moves to eradicate manipulation in the popular WM/Reuters FX benchmark rates have created opportunities for market makers and proprietary traders to trade more profitably, according to new research from Pragma Securities…
…I was reading a research note today and it confirmed everything I have thought about Fix execution – it’s like knowing a car crash is coming, and being able to do nothing about it…
The effort to stamp out manipulation in one of the currency market’s most important benchmarks may have inadvertently created a profitable strategy for proprietary traders, according to a company with expertise in electronic trading…
FX electronic communication network FastMatch has deployed a customized algorithm developed by Pragma Trading at the heart of AgencyFX, its new buy-side liquidity pool unveiled in late January…
…But by itself, capping maker-taker will not eliminate broker conflict around order handling. A coherent set of market structure reforms that properly addresses the interests of investors and the buy side is needed.