Reflecting on 2023: Celebrating Milestones and Gratitude for Partnership with Our Clients

As 2023 draws to a close, we look back on a year full of growth, innovation, and invaluable collaborations. At Pico, our journey throughout the year has been marked by significant achievements made possible by the unwavering support and partnership of our valued clients and dedicated employees. As we express our gratitude, we also take pride in recounting the milestones that have shaped our collective success:

Company Achievements

  • Celebrated Pico’s 14th anniversary – Founded in November of 2009 with the desire to build a company that matters in the financial markets – we are proud to celebrate 14 years with 400+ clients, 16 offices, 24/7 support and 55+ global markets.

  • New Webcast Series to communicate information on industry-related topics and Pico products enhancements.


  • Availability of space and power in key locations after some internal consolidation. Pico has unique space opportunities in sought after sites: Mahwah, NY4, HKEX and more. We can offer shared or dedicated space based on your firm’s requirements.

  • Adding 100Gbps Support to PicoNet™️ - Pico has seen demand for higher bandwidth solutions as clients refresh their trading equipment with the latest technology and address industry changes, including the expansion of the SIAC Options Pricing Regulatory Authority (OPRA) feed which is estimated to grow to nearly 40Gbps after it expands from 48 to 96 channels later this year. Pico will empower clients to handle options data spikes up to 60Gbps and to leverage our New York area network, PicoNet, for 100Gbps connectivity. Pico also continues to increase the capacity of its analytics for market data in response to such demand by substantially increasing the performance of the Corvil Analytics OPRA plug-in to meet its own requirements in managing OPRA market data quality over PicoNet. These increases are available to all Corvil Analytics clients.

  • EMEA Enhancements – As a result of the various Exchange moves of late, Pico has established additional routes in London to support the new triangle between Equinix LD4, Interxion LON1 and Telehouse North 2. This includes the introduction of Hollow Core Fiber (HCF) which brings a lower latency profile than traditional fiber optic cable. Across Europe, Pico has also expanded its direct connectivity between key trading hubs adding connectivity links between Telehouse North 2 and Bergamo IT3 as well as Telehouse North 2 and Frankfurt, FR2.


Redline has had a record year. Based on tremendous global demand, Pico has executed a robust plan for global coverage adding added over 50 new data feeds/execution gateways this year, across asset classes and regions, with a significant focus on completing support for U.S. direct options exchanges, expanding FX support of swaps and forwards and adding Asia’s key equities and derivatives markets.

SBI Japannext and CBOE coverage – Pico continues the global expansion of its high-performance financial services network, PicoNet™, with the addition of raw market data and order entry coverage for SBI Japannext and CBOE Japan.


  • Investment and re-launch of Corvil Electronic Trading Data Warehouse product that provides a business level lens into how trading is impacted by technology stack performance

  • Launch of Next Generation Corvil appliance range - The new Corvil appliances utilize Intel’s Saphire Rapids processor architecture coupled with NVMe SSDs to achieve a 5x performance boost in 1U appliances and greater than 20x improvement in disk reliability.

  • Launch of Corvil Cloud Analytics – available in AWS and now beta in GCP, we have a diverse set of clients including market data providers using Corvil Cloud Analytics in AWS and crypto exchanges and market makers using Corvil Cloud for Crypto.

  • Upgrades to VoIP Analytics - Corvil VoIP Analytics is used to manage the performance and operations of some of the world's largest and most demanding VoIP deployments.

  • Japannext selects Corvil Analytics - Corvil Analytics provides Japannext with real-time insights into business management and infrastructure performance, supporting client relations, network and application operations, and troubleshooting.

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. Together, we will explore new opportunities, embrace challenges, and continue to innovate in this ever-evolving landscape.

As we bid farewell to 2023, we do so with profound gratitude for the partnerships that have defined this year. Here’s to a new year filled with shared accomplishments, mutual growth, and continued success!

Reflecting on 2023: Celebrating Milestones and Gratitude for Partnership with Our Clients

Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.