Pragma Securities Taps smartTrade Technologies For Its LiquidityFX Service

Pragma Securities, a provider of quantitative trading technology for the financial services industry, has selected smartTrade Technologies to tap into its foreign exchange (FX) Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term aggregation platform, according to a smartTrade Technologies statement.

Pragma Securities is an independent trading technology provider that utilizes a plethora of algorithmic trading solutions across a number of asset classes, including equities, futures, and Spot FX. More specifically, the group’s paramount trading platform, Pragma 360 FX, caters to banks and buy-side firms across the financial services industry.

Alternatively, the decision to rely on smartTrade Technologies and its LiquidityFX platform satisfies a need for the provider, satisfying Pragma Securities’ need for customization that can afford its customers Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term via a broad spectrum of FX liquidity providers with quick time-to-market.

According to David Mechner, Chief Executive Officer (CEO) of Pragma Securities, in a recent statement on the selection, “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.”

“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,” added David Vincent, CEO of smartTrade Technologies, in an accompanying statement.

Back in June, smartTrade Technologies also extended its LiquidityFX platform to the Japanese online foreign exchange (FX) trading company Gaitame.com.