Tag: Pragma Securities

Pragma Securities

FX Volumes Dip from April 2018 Highs

The latest round of FX turnover data from a group of the world’s FX Committees show that volumes dipped slightly in October 2018 compared to April last year when they hit a new high mark. Average daily reported UK FX turnover was $2.6 trillion per day in October 2018. Although this is the third largest turnover figure on record, it represents a 4% decrease from the record high of $2.7 trillion reported in April 2018. Turnover by instrument was mixed in the UK. Spot increased for the third successive reporting period, gaining 3% compared to April 2018 to reach $775 billion traded per day. This represents a 14.5% year-on-year increase in volume.

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 […]

FX TCA: Easy to Do Wrong, Hard to Do Right

Although the clamour for transaction cost analysis (TCA) tools is growing amongst buy side firms, they face numerous challenges if they are going to use them effectively, said panelists at Profit & Loss’ Forex Network New York conference.  “Best execution has never been more in focus, and there are two main reasons for this,” said […]