David Mechner, Pragma Securities
New York and London - Pragma, a multi-asset class, quantitative trading technology provider, has added two new capabilities to Pragma360 Equities, its algorithmic trading service, with the release of conditional orders and Pairs 2.0.
Conditional orders are a specialized electronic trading protocol to source large blocks. Pairs 2.0 is a wholesale rewrite of the Pragma360 pairs algorithm, providing increased control over pairs trades, through trade scheduling and rate controls, and more advanced order types.
David Mechner, CEO of Pragma Securities, comments: "The incorporation of conditional orders into the platform helps traders combat the challenge they face with thin quoted markets and small average trade sizes in most US trading venues. And similarly, Pairs 2.0 incorporates a host of improvements to provide our customers with a really robust and flexible tool."