--- title: "Data Solutions & Trading Software | Redline by Pico" description: "Redline is Pico's ultra-low latency trading software suite, delivering microsecond market data, order execution, and integrated risk management across 230+ global venues. It runs on mainstream multicore servers without FPGAs, and deploys as self-managed software or a fully managed service." source: https://www.pico.net/products/data-and-trading-software/ markdown_url: https://www.pico.net/products/data-and-trading-software.md --- # Data Solutions & Trading Software Ultra-low latency market data, order execution, and risk management software, simplifying access to global liquidity across 230+ venues. - Microsecond-latency ticker plant with full-depth book reconstruction across equities, options, futures, derivatives, rates, FX - Market data distribution and order execution via a normalized API - Scalable deployment without high colocation costs via proprietary RedlineFeed publishing - Historical PCAP Replay with nanosecond timestamps ## What is Redline trading software? Redline is Pico's ultra low-latency trading software suite, delivering microsecond market data, order execution, and integrated risk management across 230+ global venues. Deployed as self-managed software or a fully managed service. ## How Pico's Redline trading software works Improving tick-to-trade performance, queue position, and rapid market onboarding while reducing operational costs. ### Ultra-Low Latency Performance Single-digit microsecond market data delivery and order execution, optimized on mainstream multicore servers. ### 230+ Global Venues Multi-asset class coverage across equities, options, futures, FX, and fixed income, including rapid onboarding of new markets with minimal effort. ### Dramatic Cost Reduction Industry's smallest server footprint collapses infrastructure costs. Outsource exchange connectivity and pay only for the venues and services you need. ### Fully Managed Service Redline experts set up, manage, and monitor your trading infrastructure 24/7 with colocation hosting, exchange connectivity, and follow-the-sun support. ## Who uses Data Solutions & Trading Software? Pico empowers our clients' trading by simplifying access to global liquidity through normalized software that caters to a range of use cases. ### Proprietary Trading Firms ### Market Makers ### Broker-Dealers ### Hedge Funds ### Quantitative Researchers ### Trading Operations ### Exchanges & ATSs ### Market Data Teams ## Redline Trading Software ### Redline's InRush™ Ticker Plant Redline's InRush Ticker Plant is an ultra low-latency feed handler that terminates market data from multiple bespoke feed sources into a normalized API on a fraction of a single server. InRush maintains full-depth books for all symbols on the wire with an emphasis on speed and reliability. ### RedlineFeed™ RedlineFeed™ delivers normalized low-latency multi-asset class market data, built from direct feeds, in a cost-effective manner. The service offers market participants the performance benefit of direct feeds without the challenges of exchange connectivity and feed protocol changes. ### Redline Order Execution Gateway Redline's Order Execution Gateway provides reliable and ultra low-latency order execution normalized across equities, options, futures, FX and fixed income markets. ## What does the Redline platform include? ## Frequently asked questions Everything you need to know about Redline trading software. ### What is Redline trading software? Redline is Pico's ultra-low latency trading software suite. It includes the InRush Ticker Plant for market data, Order Execution Gateway for DMA, Pre-Trade Risk for compliance, RedlineFeed for normalized data distribution, and Historical Market Data for PCAP recording and replay, all optimized for microsecond-latency performance across 230+ global venues. ### What is RedlineFeed and how does it differ from direct feeds? RedlineFeed consolidates direct exchange feeds into a single normalized distribution. Subscribers write to one InRush API instead of managing 230+ venue-specific protocols. It is published from managed hubs with embedded InRush receivers, offering customizable views including synthetic BBO, composite books, and user-defined striping, at near direct-feed latency. ### How does Redline historical market data work? Pico records raw market data packets at co-location centers with nanosecond-level timestamps in compressed .pcap format. Data is archived in Pico's cloud and can be replayed time-accurately using [InRush](https://www.pico.net/products/data-and-trading-software/inrush-ticker-plant)'s injection utility, merging multiple exchanges in a single time series matching the original arrival sequence. Use cases include trade compliance verification, application backtesting, and forensic analysis. ### How fast is Redline compared to other trading software? InRush delivers single-digit microsecond market data latency from exchange tick to trading application. The Order Execution Gateway provides nanosecond API-to-wire order execution. Both are optimized on mainstream multicore servers without requiring FPGAs, achieving the industry's smallest server footprint. ### What does the Redline managed service include? Redline Managed Service includes infrastructure setup, exchange connectivity, real-time monitoring, pre-market verification, venue onboarding, and 24/7 follow-the-sun support. Options range from fully Redline-managed to self-managed with Redline monitoring tools. ### What asset classes does Redline support? Redline covers global equities, options, futures, foreign exchange, and fixed income trading venues. Both InRush and RedlineFeed support multi-asset class data from direct and consolidated feeds across US, European, and Asian markets. ## Explore the our data solutions and trading software Talk to a Redline specialist about your market data, execution, and risk management requirements, from single-server trading to enterprise-wide managed deployments.