---
title: "Blog"
description: "Insights, analysis, and thought leadership on financial markets technology, trading performance, market data, and network analytics from Pico experts."
source: https://www.pico.net/blog/
markdown_url: https://www.pico.net/blog.md
---

# Blog
- [Having fun with PNQM two-stage translation to monitor DMA infrastructure latencies](https://www.pico.net/blog/having-fun-with-pnqm-two-stage-translation-to-monitor-dma-infrastructure-latencies.md) — 2026-08-13 — Learn how Corvil Analytics’ PNQM two-stage translation helps Capital Markets teams measure DMA latency by correlating client-side and venue-side order messages across broker infrastructure.
- [Trading Under Stress: Modern Infrastructure for FX and Fixed Income](https://www.pico.net/blog/trading-under-stress-modern-infrastructure-for-fx-and-fixed-income.md) — 2026-08-10 — In FX and fixed income markets, liquidity is dispersed across various venues and regions, making workflows complex and conditions volatile. During periods of thinning liquidity and increasing volatility, the quality of infrastructure becomes essential, as it directly influences real-time decision-making.
- [Beyond Access: Redline and the Rise of Infrastructure as Strategy in U.S. Equities](https://www.pico.net/blog/beyond-access-redline-and-the-rise-of-infrastructure-as-strategy-in-us-equities.md) — 2026-08-05 — In U.S. equities, many capabilities that once differentiated sophisticated trading firms have become table stakes. Constant, multi-path and deeply automated market access is now simply assumed, with minimal tolerance for latency variance or operational disruption. The competition has moved to the architectural level: the software and infrastructure that support these functions.
- [Seeing Through the Fog: Closing the Visibility Gap in Solace Messaging with Corvil Network Analytics](https://www.pico.net/blog/seeing-through-the-fog-closing-the-visibility-gap-in-solace-messaging-with-corvil-network-analytics.md) — 2026-05-16 — That's what Corvil brings to Solace environments: clarity when the architecture gets complex and the performance issues get subtle.
- [AI-Ready Network Observability at 200Gbps](https://www.pico.net/blog/ai-ready-network-observability-at-200gbps.md) — 2026-03-20 — Pico and Dell launch the Corvil 12000, delivering 200Gbps sustained network capture and real-time analytics: the new benchmark for AI-ready network observability in data-intensive environments.
- [Modernizing Rates Trading: Why the Future Belongs to Low-Latency Infrastructure](https://www.pico.net/blog/modernizing-rates-trading-why-the-future-belongs-to-low-latency-infrastructure.md) — 2026-01-20 — Rates markets are undergoing the same electronification equities saw a decade ago. Pico Redline's feed handler and execution gateway give institutions the low-latency infrastructure to compete.
- [Pico in 2025: Scaling Network Observability, Trading Software, and Market Services](https://www.pico.net/blog/pico-in-2025-scaling-network-observability-trading-software-and-market-services.md) — 2025-12-15 — In 2025, Pico marked its 16th year delivering a deterministic observability layer for financial markets, from the Corvil 12000's 200Gbps benchmark to Redline's unified API and IntelliVUE's operational convergence.
- [Pico to Expand Client Visibility Around Exchange Driven Initiatives](https://www.pico.net/blog/pico-to-expand-client-visibility-around-exchange-driven-initiatives.md) — 2025-10-10 — Pico managed a record 593 Exchange Driven Initiatives through Q3 2025 and is enhancing its client portal to give clients real-time visibility into impact assessment, delivery status and readiness tracking.
- [Speculative Triggering and Surveillance in Trading Systems](https://www.pico.net/blog/speculative-triggering-and-surveillance-in-trading-systems.md) — 2025-06-15 — Speculative triggering, initiating trading requests before all data is serialized, sits at the intersection of technical creativity and compliance risk. Here's how Corvil Analytics helps exchanges and brokers monitor it.
- [Pico Raw Historical Data, Providing Solid Foundations for Real World Backtesting](https://www.pico.net/blog/pico-historical-data-providing-solid-foundations-for-real-world-backtesting.md) — 2025-05-12 — This blog emphasizes backtesting's importance in developing trading strategies and confirming profitability. It covers historical data use, market data tech like raw data capture in PCAP format, and how Pico's extensive historical market data collection with Corvil Analytics helps clients test strategies in real scenarios.
- [US Equities Markets – 2024 & 2025 Brings Much Change to the Trading Landscape](https://www.pico.net/blog/us-equities-markets-2024-and-2025-brings-much-change-to-the-trading-landscape.md) — 2025-05-12 — Does anyone else question how many more times they will hear in the news that yet another US equities trading venue is set to open soon?
- [Historic Market Volumes Amid Tariff Turbulence](https://www.pico.net/blog/historic-market-volumes-amid-tariff-turbulence.md) — 2025-04-11 — Using Corvil Analytics, the Pico Operations team have identified microbursts and bottlenecks in the global system during these historic peaks.
- [Enterprise Observability: Why Network Visibility Must Extend Beyond the Trading Floor](https://www.pico.net/blog/enterprise-observability-why-network-visibility-must-extend-beyond-the-trading-floor.md) — 2025-02-10 — Financial institutions are expanding network observability beyond the trading desk to retail, wealth management, and back-office. Here's why enterprise-wide visibility is now a strategic imperative.
- [Reflecting on Our Continued Growth in 2024](https://www.pico.net/blog/building-on-success-reflecting-on-our-continued-growth-in-2024.md) — 2024-12-31 — As we welcome 2025, it's time to reflect on an incredible year of growth, innovation, and collaboration.
- [Discover Corvil Analytics 10.1 Today](https://www.pico.net/blog/discover-corvil-analytics-10-1-today.md) — 2024-10-15 — Corvil Analytics 10.1 delivers major enhancements across network observability, UX, Ethernet CRC error analytics, and data acquisition, built on what clients are telling us matters most.
- [Corvil AppAgent and the x86 Timestamp Counter](https://www.pico.net/blog/corvil-appagent-and-the-x86-timestamp-counter.md) — 2024-09-10 — Corvil AppAgent is a software library that generates highly accurate timestamps in their application, and to streamline sharing of those timestamps with the Corvil Analytics platform.
- [Exchange Driven Initiatives: 2024 Mid-Year Review](https://www.pico.net/blog/exchange-driven-initiatives-2024-mid-year-review.md) — 2024-08-16 — Rate of Exchange mandated changes continue to be high in 2024. Recap changes delivered to date and outlook for remainder of 2024.
- [Want to get the most from your Corvil investment? Become Corvil Certified!](https://www.pico.net/blog/want-to-get-the-most-from-your-corvil-investment-become-corvil-certified.md) — 2024-07-16 — Explore our Corvil Analytics certification courses to ensure you're getting the most from your Corvil deployment.
- [Data to Action: Enhancing Productivity with Corvil Analytics and AI](https://www.pico.net/blog/data-to-action-enhancing-productivity-with-corvil-analytics-and-ai.md) — 2024-06-17 — Discover how Corvil Analytics and AI technology transform data into actionable insights, enhancing performance and productivity.
- [Corvil Actions: Level up your ad-hoc data analysis toolkit!](https://www.pico.net/blog/corvil-actions-level-up-your-ad-hoc-data-analysis-toolkit.md) — 2024-05-17 — Corvil Actions are your ever-evolving analytics Corvil toolkit, designed to help you automate and streamline data analysis workflows directly from the Corvil user interface.
- [Pico empowers clients to modernize trading in US Treasuries, are you missing the big opportunity?](https://www.pico.net/blog/pico-empowers-clients-to-modernize-trading-in-us-treasuries-are-you-missing-the-big-opportunity.md) — 2024-05-01 — Explore how Pico is transforming US Treasuries trading with cutting-edge, low-latency technology and infrastructure. Discover the market trends and investment opportunities in modernizing trading strategies and improving operational efficiency with Pico's innovative solutions.
- [MSCI Index Rebalance - Market Data Volume Analysis using Corvil Analytics](https://www.pico.net/blog/msci-index-rebalance-market-data-volume-analysis-using-corvil-analytics.md) — 2024-03-05 — Pico monitors market data volumes following the MSCI rebalance using Corvil Analytics, and has quantified the increase in aggregate market data volumes across AMRS, EMEA and APAC regions.
- [OPRA 96-line Expansion: The Big Boost in Latency and Infrastructure Requirements](https://www.pico.net/blog/opra-96-line-expansion-the-big-boost-in-latency-and-infrastructure-requirements.md) — 2024-02-22 — Pico monitors OPRA market data using Corvil Analytics and has quantified the increase in microburst and reduction in publisher latency outliers since the OPRA upgrade on February 5th, 2024.
- [Reflecting on 2023: Celebrating Milestones and Gratitude for Partnership with Our Clients](https://www.pico.net/blog/reflecting-on-2023-celebrating-milestones-and-gratitude-for-partnership-with-our-clients.md) — 2023-12-13 — As 2024 approaches, we are eager to continue our journey, hand in hand with our partners and clients. Your collaborative spirit and support have provided a strong foundation for even greater achievements in the future.
- [Call Interrupted: How to Stop VoIP Outages in their Tracks](https://www.pico.net/blog/corvil-analytics-can-help-stop-voip-outages-in-their-tracks.md) — 2023-08-04 — A real-world example highlighting our unique capabilities around capturing and analyzing voice system data, bringing clarity and insight to complexity and confusion.
- [Pico and OneChronos: A Partnership Driving Fintech Growth](https://www.pico.net/blog/pico-and-onechronos-a-partnership-driving-fintech-growth.md) — 2023-07-13 — The world of financial technology is a fast-paced environment, constantly evolving, innovating, and providing unique challenges that demand cutting-edge solutions. Pico and OneChronos are two leading companies in this dynamic landscape.
- [Corvil Support for Monitoring Encrypted Eurex and Xetra Trading Sessions](https://www.pico.net/blog/corvil-support-for-monitoring-encrypted-eurex-and-xetra-trading-sessions.md) — 2023-04-04 — Learn how Deutsche Börse is introducing mandatory encryption for trading interfaces, and how Corvil can help maintain visibility of encrypted traffic.
- [A Day in the Life at Pico](https://www.pico.net/blog/pwn-a-day-in-the-life-at-pico.md) — 2021-09-27 — The Pico Women's Network (PWN) was launched in early 2020 to inspire, empower and connect women throughout Pico. Our action-oriented network aims to inspire through speaker series, empower through professional development and connect through cross divisional networking.
- [As Derivatives Liquidity Moves, Firms Need to Be Ready](https://www.pico.net/blog/as-derivatives-liquidity-moves-firms-need-to-be-ready.md) — 2021-06-08 — In the changing global landscape of today's derivatives markets, it is essential that firms have the appropriate access to the right venues and counterparts if they are to keep pace with the changes and stay competitive.
- [Analytic Insights into trading performance using Corvil as a Data Source](https://www.pico.net/blog/analytic-insights-into-trading-performance-using-corvil-as-a-data-source.md) — 2021-06-03 — In high-speed trading environments, some questions about performance and trading outcomes can only be answered using detailed, accurate data about trading messages.
- [Pico Leverages Latest 3rd Gen Intel Xeon Scalable Processors to reach 100G Real-time Analytics For Financial Markets](https://www.pico.net/blog/pico-leverages-3rd-gen-intel-xeon-processors-to-reach-100g-real-time-analytics-for-financial-markets.md) — 2021-04-06 — Our first impression of 3rd Gen Intel Xeon Scalable processors Ice Lake with Corvil Analytics is exciting and impressive.
- [As Asia's Markets Come of Age, Market Ecosystems Need to Keep Pace](https://www.pico.net/blog/as-asias-markets-come-of-age-market-ecosystems-need-to-keep-pace.md) — 2020-01-21 — Hong Kong complements a large number of Asian colocation centres for Pico, including Tokyo, Taipei, Bangkok and Manila.
- [FIX Transaction Performance Analysis: Illuminating the Darkness](https://www.pico.net/blog/fix-transaction-performance-analysis-illuminating-the-darkness.md) — 2019-06-12 — Learn why FIX timestamp logs can keep you in the dark when optimizing infrastructure performance for better trading outcomes.
- [Appliance Performance: Looking Inward to Maximize Value](https://www.pico.net/blog/appliance-performance-looking-inward-to-maximize-value.md) — 2019-05-20 — Appliance insights that empower users to focus their analytics resources on the things that matter
- [Leveraging AI and Algorithms for Predictive Anomaly Detection](https://www.pico.net/blog/leveraging-ai-and-algorithms-for-predictive-anomaly-detection.md) — 2019-03-13 — A place for AI and deep learning in optimizing infrastructure performance is undisputed – the challenge in a fast-evolving landscape is investing in the right solution.
- [Neutralizing Infrastructure Performance Anomalies in Electronic Trading](https://www.pico.net/blog/neutralizing-infrastructure-performance-anomalies-in-electronic-trading.md) — 2019-03-01 — The first of two blogs exploring why Corvil's Intelligence Hub is uniquely capable of discerning the difference between noise and real anomalies.
- [Network Analytics: The Best Place to Get Started with Venue Analysis](https://www.pico.net/blog/network-analytics-the-best-place-to-get-started-with-venue-analysis.md) — 2019-02-25 — Implementing advanced, real-time venue analysis and a new view of transaction quality is closer than you think.
- [Ending the Garble: Three Reasons Corvil Wins at VoIP Analytics](https://www.pico.net/blog/three-reasons-corvil-wins-at-voip-analytics.md) — 2019-02-18 — When you upgrade your telephony system, don't forget a voice quality monitoring solution.
- [Why Quality of Market Data Matters More in Volatile Markets](https://www.pico.net/blog/why-quality-of-market-data-matters-more-in-volatile-markets.md) — 2019-02-11 — Accurate market data is vital for trading advantage, so how do you stop 'bursty' connections from disrupting it?
- [Corvil's Timely Solution to CAT NMS Plan Clock-Sync Compliance](https://www.pico.net/blog/corvils-timely-solution-to-cat-nms-plan-clock-sync-compliance.md) — 2018-12-17 — The clock is ticking for broker-dealers who will have to report their trades with clock-synced timestamps to meet new regulatory requirements.
- [On the Nature of Accuracy](https://www.pico.net/blog/on-the-nature-of-accuracy.md) — 2018-11-30 — An in-depth look at the meaning of accuracy in Machine Learning terms, how it can be measured, and what makes things difficult in challenging real-world situations.
- [A Golden Age for Machine Learning](https://www.pico.net/blog/a-golden-age-for-machine-learning.md) — 2018-10-26 — A brief look at how today's machine learning approaches can feast like kings on Corvil's high-quality data from the network
- [Ease of Corvil Integration Delivers More Value More Quickly](https://www.pico.net/blog/ease-of-corvil-integration-delivers-more-value-more-quickly.md) — 2018-10-12 — The business case for Corvil is made more compelling with Info-Tech's report on network monitoring naming us #1 for Ease of Data Integration
- [The Healthy Appetite for AI in Financial Markets](https://www.pico.net/blog/the-healthy-appetite-for-ai-in-financial-markets.md) — 2018-10-03 — Foreign exchange trading and MIFID II dominated our conversations at the Stockholm conference
- [Multi-Purpose Monitoring Makes Corvil a Winner](https://www.pico.net/blog/multi-purpose-monitoring-makes-corvil-a-winner.md) — 2018-09-28 — Users ranking Corvil #1 for product strategy in the recent Info-Tech report is a powerful endorsement for our unique approach to network monitoring and analytics.
- [A Different Type of KYC: Know Your Counterparty](https://www.pico.net/blog/intelligence-hub-delivers-on-the-need-for-better-counterparty-intelligence.md) — 2018-09-21 — Intelligence Hub delivers on the need for better counterparty intelligence
- [Cloudy with a Chance of TCP Drops](https://www.pico.net/blog/cloudy-with-a-chance-of-tcp-drops.md) — 2018-09-06 — Making full use of network data for IT operations depends on scalable capture and reassembly of TCP streams into application transactions.
- [Helping Firms Realize the Full Value from their Market Data Spend](https://www.pico.net/blog/helping-firms-realize-the-full-value-from-their-market-data-spend.md) — 2018-08-23 — Obtaining accurate and timely information is business critical for electronic trading - and something that Corvil facilitates.
- [The Next Wave of Trading Infrastructure Analytics](https://www.pico.net/blog/the-next-wave-of-trading-infrastructure-analytics.md) — 2018-06-15 — Connecting infrastructure behaviors with business outcomes with machine learning analytics was the topic of CEO Donal Byrne's presentation at Intelligent Trading Summit.
- [Best Practices in Timekeeping for Compliance](https://www.pico.net/blog/best-practices-in-timekeeping-for-compliance.md) — 2018-05-25 — Discussions from the Intelligent Trading Technology panel "Best practice timestamping and clock synchronization"
- [Time to value assured with Corvil](https://www.pico.net/blog/time-to-value-assured-with-corvil.md) — 2018-04-05 — New installation programs help our customers quickly realize the benefits of machine-time intelligence.
- [Schrodinger's Cats](https://www.pico.net/blog/schrodingers-cats.md) — 2018-01-23 — Serendipity as the source of innovation. How Corvil has learned to think inside and outside the box at the same time!