MarketAxess closes acquisition of Pragma

MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a number one digital buying and selling platform for fixed-income securities, immediately introduced the completion of its acquisition of Pragma, a quantitative buying and selling expertise supplier specializing in algorithmic and analytical providers.

Chris Concannon, Chief Govt Officer of MarketAxess, commented:

“We’re excited to deliver on the Pragma staff and take our AI-powered expertise options to the subsequent stage. We see immense potential in extending Pragma’s algorithmic buying and selling platform and quantitative execution options to our purchasers throughout all fixed-income merchandise.”

Over 2,000 companies leverage MarketAxess’ patented expertise to effectively commerce fixed-income securities. MarketAxess’ Open Buying and selling® market is extensively thought to be the popular all-to-all buying and selling resolution within the international credit score markets. Based in 2000, MarketAxess connects a strong community of market individuals by means of a sophisticated full buying and selling lifecycle resolution that features automated buying and selling options, clever knowledge and index merchandise and a variety of post-trade providers.