Pragma to roll out FX algos in Q4
New York-based trading technology provider Pragma is to launch a suite of algorithmic execution tools for foreign exchange as it seeks to expand its focus from equities and futures into FX. The new product, dubbed, Samba FX, will launch at the end of the fourth quarter.
"We want to fill a void in the FX market product offerings, which are dominated mainly by banks offering FX algos to institutional clients. There is an inherent conflict of interest. Even banks providing an agency offering are
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