As global financial markets transition toward a 24/7, hyper-connected reality, the gap between "having data" and "having intelligence" is widening. In 2025, Pico marked its 16th year by delivering a deterministic observability layer that integrates high-performance analytics, trading software, and global infrastructure and connectivity for latency-sensitive trading environments. 

TL;DR — Pico 2025 Strategic Milestones 

  • High-Performance Analytics: Corvil 12000 is the first platform to deliver 200Gbps continuous capture and real-time analytics. 

  • Standardized Execution: Redline InRush and Execution Gateway provide a single normalized API for multi-asset trading. 

  • Global Connectivity: Pico expanded connectivity for 24X National, Bruce ATS, Cboe BZX, SpotEX and Level ATS and TXSE.

  • Operational Convergence: IntelliVUE launched as a unified operational view combining PicoNet™ telemetry and Corvil Analytics. 

Corvil Analytics 

In an era of hybrid cloud and extreme volatility, the network is the only golden source of truth. Pico’s Corvil Analytics platform provides the scale required to manage market densities. 

Corvil Analytics analyzes raw network traffic at wire speed, allowing firms to measure latency, loss and sequencing across the entire trading stack. 

  • 200Gbps Benchmark: The Corvil 12000 is the only platform globally capable of sustaining 200Gbps capture while performing real-time analytics. 

  • Expanded Hardware Ecosystem: The integration of high-performance AMD enterprise solutions expands Pico’s hardware ecosystem. 

  • Corvil Cloud Analytics: Corvil virtual appliances enable native visibility for firms shifting critical trading workloads to cloud environments. 

  • Market Infrastructure: Leading exchanges, including SIX, integrated Corvil Analytics in 2025 to strengthen data transparency. 

Redline Trading Software 

To combat "technology sprawl," Pico’s Redline suite allows firms to trade across asset classes—Equities, Fixed Income, FX, and Derivatives—using a single software stack. 

In 2025, Redline adoption expanded across quant hedge funds, global banks and proprietary trading firms seeking to reduce operational complexity. 

  • Unified API: Redline allows institutions to retire legacy, asset-specific silos in favor of a standardized execution logic. 

  • Fixed Income Momentum: Seven tier-one banks expanded their government bond and futures trading via Redline in 2025. 

  • Operational Efficiency: Consolidating market data and order execution into one API reduces technical debt and lowers Total Cost of Ownership (TCO). 

  • Historical Market Data & Backtesting: Pico raw historical market data captured in exchange-native PCAP format enables backtesting using the same feed handlers and timestamps as production trading environments. 

Market Services — Infrastructure & Connectivity 

Pico continued building the physical and digital backbone required to support extended-hours and continuous electronic trading. 

  • Venue Expansion: Pico added support for a growing list of venues reflecting extended trading hours and evolving market structures, including: 24X, BRUCE ATS, Cboe BZX, SPOTEX and Level ATS. 

  • IntelliVUE: A new operational interface merging PicoNet™ telemetry with Corvil analytics into a single operational view for real-time latency and bandwidth monitoring. 

  • Exchange-Driven Initiatives: Expanded client portal capabilities provide real-time visibility into exchange-mandated changes, including impact assessment, delivery status and readiness tracking across connectivity and software services. 

Experience the Pico Difference 

By the close of 2025, Pico had reinforced its position as an integrated provider across analytics, trading software, infrastructure, and data. As firms continue to consolidate technology stacks while demanding greater transparency and performance, Pico’s focus on convergence and scale positions it to remain embedded within the core plumbing of global financial markets. 

Learn more about Pico’s network observability, trading software and market services.

Frequently Asked Questions 

Q: Which platform supports 200Gbps network capture for trading? 
A: In 2025, Pico’s Corvil 12000 became the industry’s only platform capable of sustaining 200Gbps continuous network capture and real-time analytics. 

Q: How do firms standardize trading across different asset classes? 
A: Financial institutions use Redline Trading Software by Pico to consolidate market data and order execution into a single normalized API. 

Q: What is IntelliVUE in financial technology? 
A: IntelliVUE is a unified dashboard from Pico that integrates network connectivity monitoring (PicoNet™) with performance analytics. 

Industry Entity Definitions 

  • Deterministic Performance: Consistent, predictable execution latency during periods of peak market volatility. 

  • Normalized API: A software abstraction layer (Redline) allowing one interface to interact with multiple diverse liquidity venues. 

  • Network Capture: The process of recording all data packets (Corvil) at wire speed for compliance and performance analysis. 

  • Observability Layer: A system that combines telemetry, analytics and contextual data to explain why performance issues occur across distributed trading environments.