NEW YORK, February 7, 2023 – Pico, a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community, has launched the Pico Performance Lab, a state-of-the-art, high-performance financial services test lab. Pico’s full-stack trading technology solution of infrastructure, connectivity, market data, trading software, critical timing services and Corvil Analytics can be implemented, simulated and tested in the Pico Performance Lab. In addition, the Lab will also allow for client application and third-party product testing.
“Pico’s testing capabilities are extremely diverse, and clients have often requested our help to test market data products, trading technology, high-performance software, hardware, advanced chipsets, as well as new switching gear,” said Pico’s Chief Information Officer, Seetharam Gorre. “The launch of the Pico Performance Lab will allow replication of real-world trading environments to include infrastructure, data, replay mechanisms, traffic generators and exchange simulators. We can simulate patterns and, by implementing Corvil Analytics, monitor how those solutions and products perform in real-time. We can also stress test environments, new technologies and products as well as upgrades to operating systems and software prior to rollout. The use cases of the Pico Performance Lab are endless, and we are excited about the possibilities the Lab provides Pico and our clients.”
Pico can simulate real-time events based on market data as it existed on a particular day, reproducing those exact conditions for testing. With the launch of the cutting-edge Lab, Pico can demonstrate the forensic data necessary to analyze the root cause of performance problems and what reports are available to clients through Corvil. The unique capabilities of Corvil Analytics allow it to manage network microburst capacity and ensure market-data quality. Corvil Analytics has a 20-plus year legacy across financial services in extracting and correlating technology and transaction performance intelligence from global dynamic network environments. Corvil’s high throughput, lossless, granularly time-stamped data capture provides an incredibly rich data source that can be used for broader analytics and use cases, including trade analytics.
“Our clients are sophisticated electronic market makers, quantitative hedge funds, global banks and exchanges. They now have the ability to replicate real-world trading environments and accelerate loads to multiples of real-time speeds to test market data and trading products in high-volume scenarios in the Pico Performance Lab,” said Pico’s Chief Product Officer, Stacie Swanstrom. “Our clients are institutions who also have clients and they want visibility into our environment. They want to see what our operations teams are seeing, and the launch of this Lab will allow them the unique opportunity to experience how our operational excellence excels through real-world examples.”
Not only will the Lab allow clients to experience firsthand how Corvil Analytics is an invaluable tool for network monitoring, they will also have the opportunity to see how Corvil analyzes Pico’s Redline suite of high-performance trading and market data products. Pico’s RedlineFeed delivers normalized low-latency, multi-asset class market data, complemented by Redline trading gateways and hosted inside Pico’s global infrastructure environment. Pico’s best-in-class, full-stack trading technology solution offers a single-source provider for low-latency, comprehensive global market access.
Pico will unveil the Lab during an exclusive, in-person client tour and demonstration on Feb. 15 where attendees will get a firsthand look at the cutting-edge Lab in action.
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.
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