Venue Access

Comprehensive global connectivity to liquidity using PicoNet™

Beginning in 2011, Pico developed the market-leading venue connectivity network in North America. More liquidity flows through connectivity managed by Pico than any other managed service provider. Our clients trust us to handle their order flow, whether it be principal or agency business because we understand how important it is for them. And now we’ve built the same market-leading connectivity in Europe and Asia.

Pico provides low latency connectivity for access to over 200 global markets venues. Execute proprietary business or client orders on all the major exchanges, dark pools, and MTFs over our ultra- low latency proprietary network with options for 1Gbps, 10Gbps, or 40Gbps handoffs. We offer cost effective shared connectivity or dedicated connectivity options. Latency sensitive clients can also connect from the same colocation facility for lowest latency access either from their own racks or using Pico managed racks and infrastructure. Clients requiring connectivity from remote locations can use PicoNet, using the fastest leased line connections between Pico’s co-location sites to ensure your flow reaches a remote matching engine with the lowest latency possible.

Tailored Connectivity

The standard Venue Access services can be enhanced using tailored solutions using proprietary risk systems, wirelesss connectivity, FPGA and other advanced technologies to give our customers the competitive edge they need to win.

This can be combined with our market-leading analytics capabilities to help measure performance, and the support of our 24/7 service operations and delivery teams.

Market Connectivity Made Simple

The total cost of venue connectivity can be very high. Setup, legal, technical and operational hurdles add to the cost and complexity of connectivity, and can be very time-consuming, difficult to administer and create additional strain on your business. Pico has a global team of venue experts who manage relationships, conduct reporting, and liaise with venue technical teams to simplify our customer’s operations. Let us be your team of venue experts.

You can find the extensive list of Equity, Fixed Income, Futures, Options and FX trading venues for which we offer connectivity here.

Flexible Venue Connectivity for All Scenarios

Requirement Features
Mutualized connectivity High capacity, resilient network uplinks from an exchange or trading venue, shared across multiple customers, managed and monitored by Pico for a fraction of the cost a dedicated connection. Make it your primary connection to the market or use it as a cost effective backup to your own dedicated connection
Dedicated connectivity Your own private dedicated connection from a Venue but still managed and monitored by Pico to provide the lowest latency possible
Colocated access Eliminate WAN latency and trade locally from the exchange colocation facility using Pico’s Venue Connectivity, either from Pico managed infrastructure or your own rack.
Risk management Centralise your risk management infrastructure by using PicoNet to aggregate drop-copy services from multiple different trading venues into the location of your choice.
Remote order routing Use PicoNet’s global reach to execute your order routing strategy from a central location using our Venue Connectivity services.
Disaster Recovery Combine PicoNet and our mutualised Venue Connectivity to provide a cost effective Disaster Recovery solution for remote market access in the event of a problem at the exchange colo

List of Venues

Aequitas Neo Korea Stock Exchange
Aquis Level ATS
B3 LiquidityEdge
Bank of America Merrill Lynch Liquidnet
Bank of New York LMAX Exchange
Barclays London Metal Exchange (LME)
BGC LSE Group
BIDS MIAX Options Exchange
BNP Paribas Minneapolis Grain Exchange (MGEX)
Bolsas y Mercados Españoles Morgan Stanley
Borsa Italiana Nasdaq
Boston Options Exchange Nasdaq OMX
Bourse de Luxembourg Neptune Networks Ltd
Bursa Malaysia New York Stock Exchange
Canadian Stock Exchange (CSE) NEX
Cboe Omega ATS
Cboe Europe OneChicago
CIBC Oslo Bors
Citadel Securities OTC Markets
Citigroup  Parhelion
CME Group Pragma
CODA Prague Stock Exchange
Credit Suisse RBS Group
Curex Refinitiv
Currenex Schwab
Dash Financial SGX
Dealerweb SIX Swiss
Deutsche Bank Soc Gen - Societe Generale
Deutsche Boerse SpeedRoute-Cirrus Technology
Dubai Mercantile Exchange (DME) SpiderRock
EEX TMX Group
Enskilda (SEB) TPICAP
Equiduct Tradeweb
Euronext Tradition
Fenics Triact Canada
Fidelity Two Sigma
Fidessa UBS
FX Connect Vela Trading Systems
FXSpotStream Vienna Stock Exchange
GFI Virtu Financial
Goldman Sachs Weeden & Co.
GPW Wells Fargo
GTS
GTX
IEX
Instinet
Instinet Canada Cross (ICX)
Integral
Intercontinental Exchange
iSwap
Virtu Financial
Jane Street
Johannesburg Stock Exchange (JSE)
JPM

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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