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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.”

TraditionDATA named Best Market Data Newcomer at Inside Market Data Awards 2019

TraditionDATA has been named ‘Best Market Data Newcomer’ at the Inside Market Data Awards, which took place on 21st May in New York.

Hosted by Inside Market Data and Inside Reference Data, these awards recognize industry excellence within market data, reference data and enterprise data management.

TraditionDATA was set up following a comprehensive re-structuring of Tradition’s market data business. The new executive team, led by Scott Fitzpatrick, re-branded and relaunched the business, transformed its pricing model and added new product packages, making it easier for clients to consume data.

Its new modular data consumption model offers flexible data packages tailored to individual requirements, ensuring clients only pay for the specific data they need. This is in direct contrast to the majority of data vendors, and avoids the complex process of unbundling, analysing and extracting valuable data points.

Scott Fitzpatrick, Head of TraditionDATA, comments: “It’s great to receive recognition for the work we have done to revamp Tradition’s market data offering. We have worked hard over the last 12 months on building out our global team, modifying our approach to pricing and packaging of data products, modernizing the relationships we have with data vendors, developing our direct-to-market technology and adding new and improved data to our product offerings.

“Looking ahead, we have a clear strategy and I’m fully committed to further enhancing our brand and providing our clients with high quality data.”