Pragma Handles Record Share of US Equity Volume

NEW YORK--()--Pragma Securities today announced that it handled 726 million shares on Friday, June 26, 2015, representing 7.2 percent of US equity market volume, a high-water volume mark for the company.

“We handled a good fraction of market volume last Friday in our algorithmic trading and order routing services”

“We handled a good fraction of market volume last Friday in our algorithmic trading and order routing services,” said David Mechner, Pragma CEO. “We have built a strong reputation as an outsourced provider of sophisticated, mission-critical trading tools. We are handling significant volumes because our clients rely on us to manage their trading infrastructure in a robust, high-performance way.”

Pragma is an independent specialist in outsourced, multi-asset algorithmic trading technology and analytical services. Its market leading Pragma360 platform enables banks and brokers to benefit from a fully customized algorithmic offering to its buy-side clients and on its internal trading desks at a fraction of the cost of building an algorithmic platform in-house.

Pragma360 offers a full suite of trading tools, including execution algorithms and smart order routing, transaction cost analysis (TCA), risk controls, and a next-generation AMS (Algorithmic Management System) called Panorama, which provides a complete and granular view into trading activity. The platform’s flexible architecture supports rapid customization and enhancements to meet clients’ trading needs, and is offered for Equities, Futures, and FX.

About Pragma Securities

Pragma Securities, headquartered in New York City, is an independent provider of quantitative trading technology and analytical services. Its broker-neutral, multi-asset trading solutions power traditional asset managers, commodity trading advisors, hedge funds, broker-dealers, banks, and exchanges. For more information, please visit www.pragmatrading.com

Contacts

Pragma Securities LLC
Jodi Lu Johnson, +1 917-484-8305
Marketing Manager
jjohnson@pragmatrading.com