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

[kreslik.news]

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)