Pragma upgrades algorithmic management system with Panorama 2.0

Rick Steves

“Top tier execution quality is obviously essential, but having a clear understanding of algorithmic behavior is also critical to enable our broker clients to deliver the high level of support and service that the institutional buyside demands.”

Multi-asset algorithmic trading tools specialist Pragma has announced the release of a revamped version of Panorama, an algorithmic management system.

Panorama 2.0 covers algorithmic management, real-time transaction cost analysis (TCA), and full transparency across the life cycle of the algorithmic orders of Pragma’s client base. Panorama 2.0 can be coupled with Pragma’s Pragma360 platform and TCA solution TradeReports.

The new and faster architecture of the algo management system also enhanced the dynamic order performance and venue visualizations, customized alerting, and the degree of transparency into clients’ algorithmic execution.

The firm explained that, 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.

Pragma’s two pillars: execution quality and real-time transparency

David Mechner, CEO of Pragma, said: “Two pillars of our service are execution quality and real-time transparency. Top tier execution quality is obviously essential, but having a clear understanding of algorithmic behavior 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. 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.”

The firm boasts the Pragma360 platform that supports institutional algo franchises. Panorama 2.0 can be used for coverage personnel to provide a highly customized level of service through dynamic filtering, user-defined alerts, granular levels of order detail, and real-time order modification capabilities.

Pragma’s TradeReports, a transaction cost and venue analysis service, can also be coupled with Panorama 2.0 to provide a package of analytics that uniquely equips sell side brokers and banks with the armor needed to go the extra mile in supporting their buy-side clients.

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