NEW YORK – March 1, 2023 – Pico, a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community, has won “Best Market Simulation Solution” for its Redline solution.
“Global markets continue to mature, and Pico is positioned at the center, providing technology, connectivity and data to those financial ecosystems,” said Pico’s Chief Product Officer, Stacie Swanstrom. “Redline provides ultra-low latency software solutions and common APIs to more than 250 global venues serving a marquee client roster that includes global banks, quantitative hedge funds, electronic trading firms, ETF market-makers and exchanges. Meeting the requirements of our clients and seamlessly adapting to their evolving needs drives the mission and goals of Pico.”
Redline offers the ability to test strategies against simulated exchange matching engine(s), built to accelerate years of data replay through the system. Users can simulate user acceptance testing for validation and regression testing against exchange response scenarios, including hard-to-reproduce market conditions. In addition, Redline also offers a multi-participant matching mode for users to trade against simulated market participants, or order books, to test specific market data and order scenarios.
“Our awards recognize leading providers of trading technology solutions, services and consultancy to capital markets in Europe and Pico has proven themselves to be worthy winners of this prestigious title,” said Angela Wilbraham, CEO at A-Team Group. “We congratulate them on winning Best Market Simulation Solution in recognition of their contribution to the financial trading technology industry.”
Contact us for more information about Pico’s Redline suite of solutions.
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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