Pragma Unveils SmartFix Algo, Streamlining FX Trading With WM/R Fix

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Pragma Unveils SmartFix Algo, Streamlining FX Trading With WM/R Fix

Postby kreslik.news » Sun Apr 10, 2016 11:04 am


Pragma Securities, a provider of high performance algorithmic (algo) trading tools, has launched a new element of its product suite, tapped Pragma SmartFix, which serves as a streamlined execution algorithm for the daily 4pm WM/Reuters foreign exchange (FX) benchmark fixing, according to a Pragma Securities statement.

The daily 4pm WM/Reuters FX benchmark fixing is one of the most utilized constructs in the financial world, part of a vast currency trading network that’s in excess of $5.3 trillion a day. The past couple years has seen a large focus on the WM/Reuters FX benchmark fixing, given its past propensity for manipulation and ... (read more)

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