Pragma Releases Algo for Cross-Pair Triangulation

The new algorithm, which automatically splits trades in illiquid currency pairs to more liquid ones, is available on Pragma360.

curtis pfeiffer
Curtis Pfeiffer, chief business officer, Pragma

Pragma is updating its Pragma360 to support the triangulation of cross-pair trading. The algorithm splits the trade across more liquid currency pairs, like the US dollar, then mathematically averages the results for a price.

“This new algorithm was based on client feedback in the spot foreign exchange (FX) market,” Curtis Pfeiffer, chief business officer at Pragma, says. “They wanted to expand the benefits of algorithmic trading into less liquid currency pairs.”

Before the algorithm was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology 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 individual account here: