Normalized Market Data

A multi-asset, low latency, normalized data feed offering.

Our sophisticated data normalization architecture standardizes financial market data across multiple exchanges and asset classes. This allows for easier comparison and analysis of market feeds, and helps eliminate discrepancies that may exist in raw market data.

icon-data-normalized.svg Icon

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.

Low latency

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.


Normalization reduces the operational and infrastructure burden of connecting to feeds directly.

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

Connect to local servers and consume 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

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.

Major Market Coverage

CBOE BYX

EDGX

NYMEX

CBOE BZX

Global OTX

NYSE

CBOE Futures

ICE Chicago

NYSE American

CBOE Options

ICE GIDS

NYSE ARCA

CBOT

MSCI Index

NYSE Classic

CME

NASDAQ BX

OPRA

COMEX

NASDAQ Equities

OTC Markets

CTA

NASDAQ Futures

UTP FINRA

Dow Jones

NASDAQ PHLX

EDGA

NASDAQ PSX

See how we can empower your trading.