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Pragma launches new algorithmic management system

  • September 1, 2022

Pragma, the multi-asset execution technology provider, has released a new generation of Panorama, the firm’s algorithmic management system (AMS).

Panorama 2.0 is designed to provide Pragma’s clients with a new generation of algorithmic management, real-time transaction cost analysis (TCA), and greater transparency across the life cycle of their algorithmic orders. It is also built to provide clients with more dynamic order performance and visualization of venue activity, customised alerting, and a greater degree of transparency into their algorithmic execution as a result of its new and faster architecture.

For clients working in partnership with Pragma to run A/B experiments with different algo logic and configurations, Panorama 2.0 will help by offering real-time visibility into the experiment results. This applies to clients using Pragma Mercury AI Technology, based on deep learning technology, or working with Pragma to run any other type of algo experimentation on behalf of their traders or external clients.

David Mechner, CEO of Pragma, said, “Two pillars of our service are execution quality and real-time transparency. Top tier execution quality is obviously essential, but having a clear understanding of algorithmic behavior is also critical to enable our broker clients to deliver the high level of support and service that the institutional buyside demands. Panorama 2.0 is a next generation AMS that provides our clients with complete visibility and control of algorithmic orders – from a high-level dashboard overview down to the most granular level of detail. It’s not only a window into the algo engine, but a tool that can influence the algo behaviour, ensuring a greater level of control and flexibility for users.”

For clients using Pragma’s Pragma360 platform to support institutional algo trading, Panorama 2.0 supports customised services through filtering, user-defined alerts, more granular levels of order detail, and real-time order modification capabilities.