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Tradeteq and Pragma win American Financial Technology Awards

We’re delighted that two of our clients, Tradeteq and Pragma, have been recognised in this year’s American Financial Technology Awards, run by Waters Technology.

Tradeteq, the electronic trading platform for institutional trade finance, picked up the award for the ‘Best Collaboration Initiative’. The accolade recognises their efforts to work with over 20 banks, financial institutions and trade associations to close the $1.5tn trade finance gap through the Trade Finance Distribution Initiative (TFD Initiative), for which it is the distribution technology provider.

Additionally, Pragma has won the ‘Best Front-Office Initiative’ accolade for its innovative multi-asset, broker-neutral algorithmic execution platform, Pragma360. The platform enables front-office professionals to create a unique algorithmic trading suite under their own corporate brand.

Christoph Gugelmann, CEO of Tradeteq, commented: “Winning this award recognises the transformative change Tradeteq is bringing to the trade finance market. By partnering with some of the leading trade finance banks, we hope to transform this market into one that is operationally efficient, scalable and easily distributable. Through the use of our credit scoring AI and electronic trading platform, the TFD Initiative’s members can boost trade finance distribution and contribute to closing the trade finance gap.”

David Mechner, CEO of Pragma, was extremely pleased to win the award, stating: “In recent years, the front-office has focused on regulators’ calls for more transparency around execution quality and market impact. Winning this award is recognition of Pragma’s efforts to help front office professionals respond to this mandate using the most-advanced trading and execution tools.”

For more information about some of the great work we do for our clients, click here: http://www.chatsworthcommunications.com/work/

Pragma Securities named Best Algorithmic Trading Technology Provider of the Year at FX Week’s e-FX Awards 2019

Pragma Securities has been named ‘Best Algorithmic Trading Technology Provider of the year’ at FX Week’s e-FX awards, which took place on 11th July in New York.

Hosted by FX Week, these awards recognise excellence in electronic Foreign Exchange.

Pragma’s multi-asset broker-neutral algorithmic (algo) execution platform, Pragma360, is leveraged by large banks and brokers to handle their enterprise trading needs. It is deployed as a hosted and managed technology service and enables a sell-side institution to create its own unique algorithmic trading suite under its own corporate brand.

In 2018, Pragma incorporated 1600+ software changes on behalf of its clients, while giving clients the control to adapt algorithms directly where necessary. In addition, Pragma handled over $1.3 trillion of algorithmic flow in multiple asset classes on behalf of our clients across over 50 venues.

David Mechner, CEO of Pragma Securities, commented: “We are delighted to receive this award as recognition of the teams hard work over the past year. We are always trying to improve our service by onboarding our clients and making necessary changes as swiftly as possible. Ensuring our clients are satisfied with our service is the main priority for us, and winning this award shows that we are continuing to do this.”

“Looking to the future, we aim to continue on this path and remain fully committed to enhancing our offerings and providing our clients with a high-quality product.”