Pragma Adds NDFs to Algo Trading Platform

Pragma expands its Pragma360 platform to meet growing NDF demand.

curtis pfeiffer

Market players can use NDFs to access emerging market currencies. Such strategies are growing in popularity, with a 5.3 percent growth between 2013 and 2016, according to the Bank for International Settlements’ (BIS) 2016 Triennial Central Bank Survey. NDFs accounted for over $130 billion of daily currency trading, according to the BIS.

Pragma360 allows users to use different algorithms to trade the three most traded NDFs—the Brazilian real, the Korean won, and the Indian rupee. The platform ca

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