Pragma launches algo trading capability for NDFs

New set of products on Pragma360 expected to boost liquidity and best execution for emerging market currencies

Algo technology
Powered up: "The ability for traders to have the same high-level control and transparency they enjoy with a G10 brings significant benefits when trading an NDF” – David Mechner

Algorithm technology provider Pragma Securities has added non-deliverable forwards (NDFs) to Pragma360, its algorithmic trading platform, which offers clients advances in algo trading, order routing and transaction cost analysis.

Clients can now use several algos to trade the three most actively traded NDFs – the Brazilian real, Korean won and Indian rupee. They account for almost half of global NDF turnover.

In addition, the Philippine peso, Indonesian rupiah, Malaysian ringgit, Taiwanese dol