Network Services

Our PicoNet™ backbone is a key asset supporting our clients and our internal operations.

Pico has developed extensive commercial and operational relationships with telecommunications providers and network re-sellers to ensure that PicoNet is the fastest and most reliable Service Provider network available.

We have implemented state of the art management and monitoring systems to support PicoNet, and combined this with our 24/7 service operations team and dedicated in-region resources. This allows us to resolve incidents quickly, and implement changes during the appropriate change windows for each window.

These same excellent network management and monitoring capabilities can also be leveraged by our customers for whom we provide network services, ranging from basic procurement of single circuits to a full outsource of their global trading network.

Pico Can Offer Network Services to Clients Through a Range of Options

Offering Description Advantages
Dedicated managed network Pico builds and manages a dedicated network for your exclusive use using our telco relationships and established support teams and systems Leverage Pico experience, relationships and delivery excellence to deliver a dedicated network built to your requirements, simplify operations using Pico operational and monitoring services
Build and handover Pico procures network bandwidth and hardware according to your requirements, building a dedicated network for you to manage and monitor yourself Leverage Pico experience, relationships and delivery excellence to deliver a dedicated network built to your requirements
Shared network Overlay your connectivity on our shared network infrastructure Rapid time to market, economies of scale, simplify operations

By outsourcing their relationships with telco providers to Pico our customers get the following benefits:

  • Leverage Pico’s procurement expertise and knowledge of the best telco routes, you will always be as fast as your competitors
  • Pico takes care of incident management on behalf of customers, removing complexity and operational overheads for the customer, leveraging our status as a major customer to speed up the resolution of faults, and maximizing uptime which means maximizing trading time
  • use a single vendor relationship with a common MSA to cover network services anywhere in the world, without the expense of setting up and maintaining contacts and relationships in different time zones and jurisdictions

Key Services

IP Addressing

The use of proper IP space simplifies engineering, operations and change management. This reduces risk, speeds up delivery and makes your infrastructure more productive and stable.

Pico operates at scale and on a global basis and we maintain our own AS numbers which gives us access to registered IP addressing for use on our infrastructure. As a result, Pico can provide our clients with IP space for TCP or multicast addressing if they require this – from individual IPs to whole subnets. IP space is a finite and dwindling resource and therefore increasingly valuable, and essential for many purposes. Customer choose to lease their IP addressing from Pico and make use of it for their Pico-hosted infrastructure for a number of reasons.

  • Their own registered IP space may be restricted or reserved for corporate purposes
  • They do not already maintain their own registered addressing
  • It is not cost effective to separately procure a small amount of space for a specific requirement
  • Using a separate IP range simplifies engineering and network configuration
  • A separate IP address range can be used to enforce strict security policies and logically isolate functional or operational domains.

By using Pico’s registered IP space in tandem with our infrastructure and network connectivity our customers can simplify the design, delivery and operation of their trading infrastructure.

Timing Services

Pico has implemented our own resilient co-located clock sources across our network employing global architectural standards which ensure consistency and synchronization over PicoNet. We offer multiple timing services across our global footprint that leverage high precision & high performance PTP Grand Master appliances with Rb oscillators and Multi-GNSS options as clock source. PTP as a network delivered time protocol offers you resiliency in Grand Master clock sources and greater accuracy in time when syncing to the closest geographic source. We leverage our timing for our own market data capture, operations and analytics—generating a universal reference point for all of your timing needs.

PTP and PPS Use Cases:

  • Compliance for FINRA & MiFID II
  • Troubleshooting
  • Precise Market Data Time Stamps
  • Timing For Historical Data
  • Latency Calculations
  • Fine Tuning Trading Algorithms

Timing Details:

  • GPS connections are cabled directly to each Grand Master with cable length offset for a more precise time
  • The Rubidium(Rb) atomic clock hold down timer allows for max clock drift of 1μs within a 24hr period of GPS loss
  • Timestamps deliver level of accuracy down to the nanosecond
  • Client has the ability to integrate Pico’s solution for their servers using PTP-enabled network adapters
  • Pulse Per Second (PPS) connectivity available via coax cabling sourced from PPS amplifiers
  • Multi-GNSS options (GPS, Galileo, GLONASS, BeiDou, QZSS)

Ways to Connect:

Connect in shared space via Pico’s Shared Top of Rack

Hosted clients in Pico space can connect to PTP and PPS via Pico’s shared Top of Rack (ToR) equipment which has been configured to behave as PTP Boundary Clocks. This deployment allows Pico the scalability to disseminate PTP to downstream hosts while protecting the upstream source. The implementation increases accuracy and minimizes additional messaging to the Grand Master. The Boundary Clock also provides a level of resiliency, in the event that all Grand Master clocks become physically unavailable.

Connect via Monitoring Services

In addition to monitoring the overall health and reachability of each of the Grand Masters, Pico has automatic alerting in place to proactively detect when clock drift exceeds our maximum threshold. These alerts are published to all of our PTP clients by our Network Operations Center (NOC) to notify them of potential faults they may encounter with their PTP clocks.

Connect via XC

Cross connected clients sync directly to the Grand Master for all protocol messaging. The Pico Grand Master clock will send Unicast “Delay Reply” messages back to interested parties who register “Delay Requests.” Clients may choose to directly register hosts or implement their own managed Boundary Clock with Pico as the source. (Clients need to be capable of listening to the IEEE 1588 standard Multicast groups for announce, sync, and follow up messages).

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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