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Pragma selects smartTrade's LiquidityFX

First Published 16th September 2015

Pragma deploys smartTrade Technologies for FX aggregation software.

David Mechner, Pragma Securities

David Mechner, Pragma Securities

"smartTrade provides a pure technology solution that we can host and manage as an integrated part of our offering."

New York - Pragma Securities has selected smartTrade Technologies to provide Pragma with an FX liquidity aggregation platform.

Pragma 360 FX is Pragma's algorithmic trading platform, providing banks and buy-side firms with customized Spot FX algorithmic trading as a pure technology solution.

"smartTrade's 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," commented 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," commented David Vincent, CEO of smartTrade Technologies.

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