Pragma launches triangulation algo for crosses

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

- By Alessandro Aimone
- @aimoneale
- 04 Aug 2017

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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

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