Pragma Securities, an independent provider of quantitative trading technology, has selected FX liquidity aggregation platform from smartTrade Technologies, a multi-asset trading solution provider.
Pragma 360 FX is Pragmas algorithmic trading platform, that claims to provide investment firms and buyside firms with customized, high-performance Spot FX algorithmic trading as a pure technology solution.
According to a press statement, Pragma chose LiquidityFX in part for the solution’s large library of connectors and smartTrades agility in responding to Pragmas requirements for customization allowed Pragma to offer its customers liquidity aggregation with a wide range of FX liquidity providers with quick time-to-market.
smartTrades LiquidityFX offering is impressive, and its flexible components allow us to meet the needs of clients who prefer us to provide them with liquidity aggregation as well as algorithmic trading logic. The fact that smartTrade provides a pure technology solution that we can host and manage as an integrated part of our offering was essential to us, said David Mechner, CEO of Pragma Securities.
We are excited to help Pragma grow their FX business. Our out-of-the-box and agile LiquidityFX solution allowed for a seamless integration and their clients can now benefit from an unparalleled low latency connectivity to a large range of FX liquidity providers including ECNs, banks, and non-banks, said David Vincent, CEO of smartTrade Technologies.
Founded in 2003, Pragma is quantitative technology provider that specializes in algorithmic trading solutions for equities, futures and Spot FX.