MarketAxess, a company offering an electronic trading platform for fixed-income securities, recently announced the completion of its acquisition of Pragma, a quantitative trading technology company specializing in algorithmic and analytical services.
This acquisition is expected to enhance MarketAxess’ AI-powered technology. The company plans to leverage Pragma’s tech expand its algorithmic trading platform and quantitative execution solutions to clients across all fixed-income products. To date, MarketAxess helps more than 2,000 firms more efficiently trade their fixed-income securities.
