MarketAxess To Acquire Algorithmic Trading Provider Pragma; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
MarketAxess Holdings Inc. (NASDAQ:MKTX) has announced its plans to acquire Pragma, a provider of quantitative trading technology. The acquisition is expected to accelerate the development of quantitative execution algorithms and data-driven analytics for fixed-income. Pragma's algorithmic trading platform and technology team will help MarketAxess enhance its execution algorithms and analytics across all fixed-income products. The transaction is expected to close in the fourth quarter.
August 07, 2023 | 12:37 pm
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MarketAxess' acquisition of Pragma is expected to enhance its execution algorithms and analytics across all fixed-income products. This could potentially increase the company's market share and revenues.
The acquisition of Pragma, a provider of quantitative trading technology, is expected to enhance MarketAxess' execution algorithms and analytics across all fixed-income products. This could potentially increase the company's market share and revenues, as it would be able to offer more advanced and efficient trading solutions to its clients. Therefore, the news is highly relevant and important for MarketAxess and could have a positive impact on its stock price.
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