Profit & Loss December 2015
Pragma Securities and MarketFactory have completed the integration of a mutual global bank client of the two firms.
“Many banks today are taking a best-of-breed approach to assembling an FX e-commerce technology platform, selecting the best providers for aggregation, algorithms, risk management, and price distribution, among other components,” says James Sinclair, CEO of MarketFactory.
“We are pleased to be able to expand the ecosystem of services that integrate with MarketFactory low-latency services enabling customers to access the liquidity they need, when they need with the least market impact. Pragma offers a unique value proposition in algorithmic execution technology, a growing part of the electronic trading marketplace.”
“MarketFactory has a strong reputation as a leader in the low-latency FX liquidity aggregation space,” adds David Mechner, CEO of Pragma. “Having completed this integration for a global bank will make future on-boarding of mutual clients seamless, and we look forward to continuing to work with MarketFactory.”