Pragma Rolls Out New Algo Triangulation Service for FX Trading

[kreslik.news]

In light of a growing embrace for FX algo trading, Pragma has rolled out a new function for cross pair trading across its Pragma360 suite. The upgrade will help traders better utilize illiquid currency pairs algorithmically with best execution, as part of a new triangulation service.

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Long-term investors and other traders are increasingly moving towards algo trading recently, a trend that looks to continue moving forward. Coupled with healthy demand from banks to offer such services for less-handled currency pairs, the triangulation service could serve a key role for multiple ... (read more)