Pragma Securities, an independent provider of quantitative trading technology, has selected smartTrade Technologies to provide Pragma with an FX liquidity aggregation platform.
Pragma 360 FX is Pragma’s flagship algorithmic trading platform, providing banks and buy-side firms with customized, high-performance spot FX algorithmic trading as a pure technology solution.
Pragma cited smartTrade’s expertise in providing proven trading solutions for the FX market as a key factor in selecting smartTrade’s LiquidityFX. LiquidityFX’s large library of connectors and smartTrade’s agility in responding to Pragma’s requirements for customization allowed Pragma to offer its customers liquidity aggregation with a wide range of FX liquidity providers with quick time-to-market.
David Mechner, Chief Executive Officer of Pragma Securities, stated:
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.
David Vincent, Chief Executive Officer of smartTrade Technologies, added: “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.”