Pragma Unveils Enhanced AMS
Posted by Colin Lambert. Last updated: August 30, 2022
Execution technology provider Pragma has enhanced its algorithmic management system (AMS) Panorama.
Panorama 2.0 offers real-time transaction cost analysis (TCA) and transparency across the life cycle of an algorithmic order – the new version also offers increased dynamic order performance and venue visualisation, customised alerting and is built upon a 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, the firm says. This applies to clients using the firm’s 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.
For clients leveraging Pragma’s 360 platform to support their algo franchise, the enhanced platform enables coverage personnel to provide a customised level of service through dynamic filtering, user-defined alerts, granular levels of order detail, and real-time order modification capabilities.
“Two pillars of our service are execution quality and real-time transparency,” says David Mechner, CEO of Pragma. “Top tier execution quality is obviously essential, but having a clear understanding of algorithmic behaviour is also critical to enable our broker clients to deliver the high level of support and service that the institutional buyside demands.
“Panorama 2.0 is a next generation AMS that provides our clients with complete visibility and control of algorithmic orders – from a high-level dashboard overview down to the most granular level of detail,” he adds. “It’s not only a window into the algo engine, but a tool that can influence the algo behavior, ensuring a greater level of control and flexibility for users.”