New York, NY – June 2009 – Pragma, a leading provider of sophisticated and innovative algorithmic products, is pleased to announce that it has recently expanded its sales team with the following new hires:

Bill Donnelly joined Pragma from liquid markets for Lehman Brothers where he was a Vice President and oversaw electronic execution sales for the Boston market. At Pragma, Bill is a Director responsible for coordinating sales initiatives for the Boston region.

David Goebels, previously a Director for the electronic execution sales team at Citi, joined Pragma as a Director and is responsible for overseeing the firm’s Western Region sales efforts.

Curtis Pfeiffer joined Pragma as Director of Business Development in which he leads the development of Pragma’s PEAK business and works with Pragma’s sales team across all product lines. Curtis was previously with Bank of America where he was a Managing Director and Head of Electronic Trading Sales.

Abhay Sanan joined Pragma from Bank of America where he worked on the electronic sales desk supporting the firm’s algorithmic trading offering. At Pragma, Abhay is an electronic sales trader and provides day to day trading support to the firm’s client base.

About Pragma

Founded in 2003, Pragma is a New York-based financial services firm recognized for its uncomplicated sophistication. A pioneer of tactical execution tools, Pragma’s innovative suite of products including the award-winning ONEPIPE™, LIFEGUARD’s advanced anti-gaming logic, PEAK™, and sophisticated single stock and portfolio execution strategies, are designed to consistently meet the goals of its diverse client base. An established provider of top quality execution, proven technology, and dedicated support and service, Pragma is the solution for your trading needs. For additional information, please visit: https://www.pragmatrading.com.

For additional information, contact:
Jed Hamilton
Intermarket Communications
212.754.5479
jhamilton@intermarket.com