David Mechner, Pragma
London - Pragma, a multi-asset class provider of algorithmic and analytical trading tools, has established a connectivity presence in Equinix's LD6 data center in London to service its international client base.
The expansion to Europe enables Pragma to meet demand for its Pragma360 platform, which comprises advanced algorithmic trading, order routing and transaction cost analysis (TCA) tools.
With trading institutions requiring lower latency and reliable connectivity to trading venues and counterparties, London's position at the centre of European and international financial markets was a crucial factor when selecting a data center to support Pragma's European operations.
David Mechner, CEO at Pragma, comments: "Our investment in the data center at Equinix's LD6 site offers Pragma360 clients access to state-of-the art technology and the largest ecosystem for foreign exchange trading globally."