M&A flurry shows no sign of slowing with two trading venue deals announced this week
Aquis Exchange and MarketAxess announced deals to acquire equities block trading start-up OptimX and algorithmic trading provider Pragma, respectively.
Tag: Pragma
MarketAxess to acquire multi-asset algorithmic trading provider Pragma
Transaction is expected to close in the fourth quarter; follows first client algorithmic trade in US credit on multi-protocol automated execution solution Adaptive Auto-X.
Pragma integrates AI deep-learning technology with equity execution algorithms
Following a beta launch last year, Pragma said that the deep-learning algorithms had improved execution quality by 33%.