Pragma establishes European presence at Equinix LD6 data center

Pragma, a multi-asset class provider of high performance algorithmic and analytical trading tools, has established a connectivity presence in Equinix’s LD6 data center in London to service its growing international client base.

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The expansion to Europe enables Pragma to meet growing demand for its Pragma360 platform, which comprises advanced algorithmic trading, order routing and transaction cost analysis (TCA) tools. A report from Greenwich Associates showed that the proportion of volume-weighted FX trading executed algorithmically has increased two and a half times in the past three years[1].

With trading institutions requiring lower latency and reliable connectivity to trading venues and counterparties, London’s position at the centre of European and international financial markets was a crucial factor when selecting a data center to support Pragma’s European operations.

David Mechner, CEO at Pragma, comments: “Our investment in the data center at Equinix’s LD6 site offers Pragma360 clients access to state-of-the art technology and the largest ecosystem for foreign exchange trading globally. The banks we service need state-of-the-art trading capabilities for their traders and buy-side and corporate clients, making LD6 a natural fit.”

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