Pragma Selects smartTrade Technologies for FX Aggregation Software

Pragma Selects smartTrade Technologies for FX Aggregation Software

Pragma Securities, an independent provider of quantitative trading technology, has selected smartTrade Technologies, a global leader of multi-asset end-to-end trading solutions, 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.

smartTrade’s expertise in providing proven trading solutions for the FX market was a key factor for Pragma in selecting 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.

“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, Chief Executive Officer 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, Chief Executive Officer of smartTrade Technologies.

About Pragma Securities

Pragma is an independent quantitative trading technology provider specializing in algorithmic trading solutions for Equities, Futures and Spot FX. Pragma has a strong track record working with large scale, complex global organizations since its founding in 2003. For more information please email sales@pragmatrading.com.