Pragma Integrates AI Deep-learning Technology with Equity Execution Algorithms

Algorithmic trading technology provider, Pragma, has launched a set of execution algorithms that use AI deep-learning technology following a beta trial last year. The program was initiated by Pragma in 2018 to explore whether deep neural networks could govern routing, sizing, pricing and timing of orders within an execution algorithm’s micro-trading engine. The firm launched a beta trial of the algorithms in 2020 which found that execution quality had been improved by 33% across “billions of traded shares”, according to a story in The Trade news. “The benefit of AI models is that it allows us to better tailor our algorithms’ use of dynamic real-time signals and market conditions to the complex, multi-dimensional interactions of stock characteristics and order requirements,” said David Mechner, co-founder and CEO of Pragma.