Pragma Introduces TradeBase Platform to Bolster Client Transparency

Pragma Securities, a provider of high performance algorithmic (algo) trading tools, has launched TradeBase, a newly engineered relational database module that helps provides clients real-time access to their respective FIX order messaging, per a recent Pragma statement.

In particular, TradeBase provides comprehensive access to parent and child FIX order messages, pushing greater transparency to institutional clients in a bid to help Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term more streamlined client Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, compliance, and monitoring of respective algorithmic orders.

TradeBase relies on real time data feeds, which caters to existing Pragma360 clients – the utility is designed to help fortify clients’ own algorithmic trading platforms via the provision of a granular level of data. This includes entries of all new child orders, amendments, and cancellations, as well as child order fills. Overall, TradeBase is compatible with equities, spot FX, and futures, among other asset classes.

According to David Mechner, CEO of Pragma Securities, in a recent statement on the launch: “Transparency is at the heart of our value proposition, and TradeBase is the next step in delivering on that value. It provides our clients convenient, real-time access to their trading data so they can incorporate it into their own processes and tools with minimal friction, and can conveniently track their order in detail from their OMS to the street.”