About Pragma

Pragma Financial Systems, a New York-based financial services firm founded in 2003, provides software tools that integrate portfolio selection, risk management and algorithmic trading. This approach—Dynamic Portfolio Management—is a natural extension of portfolio theory and optimal execution and represents an emerging consensus on the best practices in asset management. Pragma is at the forefront of the movement to bring these tools to practitioners.

Tools for the Science of Trading

Pragma is an industry leader in the areas of high-frequency trading and execution optimization. Our flagship product, Pragma TradeEngine®, distinguishes itself from competing offerings with its sophistication and rigorous mathematical underpinnings. TradeEngine uses all available information to maximize extraction of the user's alpha, from robust portfolio construction to pre-trade analysis, nonlinear trajectory optimization and full utilization of market microstructure effects while trading. We don't force users to express their complex execution strategies with a knob labeled SLOW, MEDIUM and FAST.

Bringing Together Strategy and Execution

Superior returns follow from optimizing the complete Dynamic Portfolio Management process, in which trading decisions incorporate the risk and alpha profile of the portfolio, and asset selection incorporates the transaction costs of trading.

Research Oriented

Uncompromising research is at the core of our activities. Every algorithm in our system has been derived, developed and extensively tested in-house. Our high-frequency data-analysis capability and scalable computational architecture allow us to calibrate and back-test continuously.

Independent and Unconflicted

Pragma is funded entirely by fees for products and services. We don't use clients’ information for any purpose other than optimizing their individual strategies and trades. With the private installation option, TradeEngine can run entirely on the client's premises and connect directly to brokers and liquidity sources of their choosing. Pragma's analytical consultation services bring our expertise and technology to bear without conflict or moral hazard.