Normalized Market Data

Pico’s normalized feeds (PicoFeed) provide a cost-effective and resource efficient way to connect to North American market data feeds.

PicoFeed is Pico’s multi-asset, low latency, normalized data feed offering, providing a cost-effective solution for access to proprietary market data feeds.

PicoFeed offers simple, customizable access to all important North American feeds delivered seamlessly over PicoNet directly to your infrastructure. PicoFeed normalized market data services significantly reduce the cost and complexity of consuming multiple exchange feeds.

Outcome

  • Low latency – Data sourced directly from the exchange via PicoNet™, our high-performance network backbone. In addition, normalization is done locally in the same data center as the customer rather than in a centralized ticker plant, reducing the end-to-end network latency from source to customer.
  • Complete coverage – All North American Equity, Options and Futures markets, providing a one-stop shop for all your market data requirements.
  • Low cost – No capital expenditure, a single set of connectivity to PicoNet™ provides access to the full range of datafeeds your business needs.

Customer Benefits

PicoFeed normalization reduces the operational and infrastructure burden of connecting to feeds directly in the following ways.

  • Control bandwidth, connectivity and market data costs by selecting specific data sets
  • Reduce infrastructure costs by processing only the data you need
  • Protect yourself from maintaining interfaces for each exchange and making updates for each exchange release.
  • Use a single set of interfaces to simplify the requirements of connecting in-house systems (from front office to back office) to multiple different exchanges
  • Reduce the administrative overhead of dealing with multiple exchanges and directly

PicoFeed services are offered in key North American colocation facilities. Customers in these locations can connect to local PicoFeed servers and consume PicoFeed normalized data in several ways.

  • PicoFeed Classic provides traditional order-book building
  • PicoDepth provides an aggregated normalized multicast datafeed
  • PicoTape is a proprietary synthetic tape or normalized aggregated BBO/NBBO calculated using direct feeds from the trading venues.
  • PicoFeed HD (Historical Data) represents a comprehensive database of normalized feed data which customers can use to analyze patterns and model trading strategies

PicoFeed offers flexible deployment options to suit different customer needs.

  • Customers can use Java, C++ or .NET languages to build their interfaces.
  • PicoFeed offers a flexible API and SDK toolkit to integrate with customers’ systems.
  • Support for Windows and Linux OS

Our sophisticated data normalization architecture provides a robust and reliable solution for access to market data feeds with industry leading levels of availability. And because Pico is a licensed market data re-distributor you only need to deal with Pico and our team of market data professionals, reducing the burden of market data administration for multiple exchange groups.

Key Markets Supported On PicoFeed

CTA CBOT
UTP FINRA Global OTX
CBOE BYX NYSE American
CBOE BZX NYSE ARCA
CBOE Options NYSE Classic
EDGA NYSE
EDGX ICE Chicago
CBOE Futures ICE GIDS
MSCI (indexes) OTC Markets
OPRA NASDAQ BX
CME NASDAQ Futures
COMEX NASDAQ Equities
NYMEX NASDAQ PSX
Dow Jones NASDAQ PHLX


PicoNet™

Access over 200 global market venues via PicoNet™, our private ultra low-latency proprietary network mesh. Extremely flat, minimizing hops and latency wherever possible, PicoNet™ is ultra-resilient and fault-tolerant, providing the fastest path connections between on-net co-location sites.

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