NEW YORK – October 5, 2021 - Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, continues to advance its globally comprehensive technology solutions with the introduction of ultra-low latency venue connectivity.
Pico’s ultra-low latency solution supports clients with latency-sensitive trading strategies requiring highly accurate views of the market and faster execution times. Utilizing high- performance Layer 1 switching technology, Pico can now achieve one-way market data latency of 5-87ns and round-trip latency of 140ns for order entry (an 80 percent reduction from standard Layer 3 access). This new Layer 1 offering is supported by Pico’s global engineering expertise and instrumented with its best-in-class Corvil Analytics1, assuring operational performance, transparency, and visibility. Corvil’s real-time analytics continuously monitors Layer 1 switch transit latency, with immediate alerts generated if nanosecond thresholds are violated, providing maximum operational transparency for latency-sensitive trading. End-of- day reports on details including message rates, microbursts, and gap detection give clients important service assurance visibility.
Layer 1 connectivity is available across venues in North America, Europe and Asia-Pacific (APAC), with Pico’s global service delivery team providing the required support for this turnkey solution to ensure rapid time to market.
“Layer 1 access is an important component for many trading strategies and Pico’s advances in optimizing exchange connectivity latency set a new benchmark which gives clients the ability to gain a significant competitive edge,” said Roland Hamann, Chief Technology Officer & Head of APAC at Pico. “Pico is committed to delivering a differentiated client experience and we continue to invest in our next generation network to remain ahead in performance, security, scalability and transparency. This launch further strengthens our comprehensive range of network products that meet the full spectrum of electronic trading requirements.”
Pico has built a cloud infrastructure for financial markets participants with mission critical exchange connectivity spanning 50+ data centers across key global market centers in the Americas, Europe and Asia. Its resilient proprietary network, PicoNet™, is a globally comprehensive, low-latency and fully redundant network connecting major financial data centers with access to major public cloud providers. This allows Pico the technical capability to offer financial market data anywhere to its clients for true borderless trading. The combination of Pico’s global infrastructure and data services with its analytics and machine intelligence solution, Corvil Analytics, contributes to clients being equipped with cutting-edge solutions to meet ever-changing market conditions.
Pico is a leading global provider of technology services for the financial markets community. Pico’s technology and services power mission-critical systems for global banks, exchanges, electronic trading firms, quantitative hedge funds, and financial technology service providers. 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 to generate 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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