Pragma Aims to Enhance Transparency with New Database Launch

Pragma Securities has launched TradeBase, a relational
database that provides clients real-time access to their parent and child FIX
order messages. 

The aim of this new database is provide clients with greater
transparency when facilitating their risk management, compliance, and
monitoring of their algorithmic orders.

“Transparency is at the heart of our value proposition, and
TradeBase is the next step in delivering on that value. It provides our clients
convenient, real-time access to their trading data so they can incorporate it
into their own processes and tools with minimal friction, and can conveniently
track their order in detail from their OMS to the street,” says David Mechner,
CEO of Pragma Securities.

TradeBase is populated in real-time, and is designed to
enable Pragma360 clients to feed their trading, risk management and compliance
systems child order level trade data in a manner usually available only to
firms who build their own algorithmic trading platform. 

The database provides a granular level of data including
entries of all new child orders, amendments and cancellations, as well as child
order fills. 

TradeBase is offered as part of Pragma360, a hosted, customisable
outsourced algorithmic trading platform offered across equities, spot FX and futures. 

Pragma360 is in use by buy-side firms, brokers, and banks,
and supports in-house traders as well as customer-facing offerings for banks
and brokers.

 

galen@profit-loss.com

@Galen_Stops

@Profit_and_Loss 

Galen Stops

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