Pragma, the multi-asset quantitative trading technology provider, has added NDFs to its algorithmic trading platform, Pragma360.
It allows Pragma’s clients to use algos to trade the Brazilian real, Korean won, Indian rupee, Philippine peso, Indonesian rupiah, Malaysian ringgit, Taiwan dollar, Colombian peso and Chilean peso – all frequently traded NDFs.
They can be traded with Pragma’s time-weighted average price (TWAP), volume-weighted average price (VWAP), percentage of historical volume (POHV) and strike algorithms.
 |
Among the NDFs included, the real, won and rupee are the most actively traded globally, between them accounting for just under half (49%) of global NDF turnover.
 |
|
David Mechner, Pragma Securities |
David Mechner, CEO of Pragma Securities, says the move brings the same high level control and transparency clients enjoy with G10 currencies on Pragma360 to a wider range of currencies.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
