MarketAxess closes acquisition of Pragma
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the completion of its acquisition of Pragma, a quantitative trading technology provider specializing in algorithmic and analytical services.
Chris Concannon, Chief Executive Officer of MarketAxess, commented:
“We’re excited to bring on the Pragma team and take our AI-powered technology solutions to the next level. We see immense potential in extending Pragma’s algorithmic trading platform and quantitative execution solutions to our clients across all fixed-income products.”
Over 2,000 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. MarketAxess’ Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services.