Pragma launches triangulation algo for crosses

New functionality will enable clients to achieve better execution when trading illiquid currency pairs

crossroads
New direction: “Our clients want to extend the benefits of algorithm trading to illiquid cross pairs" – David Mechner

Algorithmic trading technology provider Pragma Securities has launched a triangulation algo for less liquid crosses, which allows trades to be divided into two parts and traded via the pairs using the most liquid currency as the common base to triangulate liquidity.

The algo, which is available on the company’s trading platform, Pragma360, can achieve a better outcome with triangulation and allows the benefits of algo trading to be extended to less frequently traded currencies.

“Our clients

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: