Pragma to Answer Demand for Algo Trading in Europe via London Data Center

[kreslik.news]

Pragma, a multi-asset class provider of high performance algorithmic and analytical trading tools, has established a connectivity presence in Equinix’s LD6 data center in London to better service its European client base.

The company says that the expansion to Europe enables it to meet growing demand for its Pragma360 platform, which comprises advanced algorithmic trading, order routing and transaction cost analysis (TCA) tools. For a demonstration of this they point to a report from Greenwich Associates showing that the proportion of volume-weighted FX trading executed algorithmically has increased two and a half times in the past three years.

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