Pragma Launches Next Generation Algorithmic Management System

Pragma, an independent provider of multi-asset execution technology, has released a new generation of Panorama, the firm’s algorithmic management system (AMS). According to a story in Traders Magazine, Panorama 2.0 provides Pragma’s global client base with the next generation in algorithmic management, real-time transaction cost analysis (TCA), and full transparency across the life cycle of their algorithmic orders. It also provides clients with increased dynamic order performance and venue visualizations, customized alerting, and a high 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 provides real-time visibility into the experiment results. This applies to clients using Pragma Mercury AI Technology, powered by deep learning, or working with Pragma to run any other type of algo experimentation on behalf of their traders or external clients. Panorama 2.0, coupled with Pragma’s web-based TradeReports, a transaction cost and venue analysis service, provide a package of analytics that uniquely equips sell side brokers and banks with the resources needed to support their buy-side clients.