Pico introduced 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, CTO & 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 47 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.
On August 4, 2021, Pico announced that it had entered into a definitive agreement for a business combination with FTAC Athena Acquisition Corp., a special purpose acquisition company. Upon closing of the transaction, the combined company will operate as Pico. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.4 billion. The business combination, which has been unanimously approved by the boards of directors of both Pico and FTAC Athena, is targeted to close in late 2021, subject to stockholder approvals and other customary closing conditions.
The Latest
A Gartner analyst recently suggested that GenAI tools could create 25% time savings for network operational teams. Where might these time savings come from? How are GenAI tools helping NetOps teams today, and what other tasks might they take on in the future as models continue improving? In general, these savings come from automating or streamlining manual NetOps tasks ...
IT and line-of-business teams are increasingly aligned in their efforts to close the data gap and drive greater collaboration to alleviate IT bottlenecks and offload growing demands on IT teams, according to The 2025 Automation Benchmark Report: Insights from IT Leaders on Enterprise Automation & the Future of AI-Driven Businesses from Jitterbit ...
A large majority (86%) of data management and AI decision makers cite protecting data privacy as a top concern, with 76% of respondents citing ROI on data privacy and AI initiatives across their organization, according to a new Harris Poll from Collibra ...
According to Gartner, Inc. the following six trends will shape the future of cloud over the next four years, ultimately resulting in new ways of working that are digital in nature and transformative in impact ...
2020 was the equivalent of a wedding with a top-shelf open bar. As businesses scrambled to adjust to remote work, digital transformation accelerated at breakneck speed. New software categories emerged overnight. Tech stacks ballooned with all sorts of SaaS apps solving ALL the problems — often with little oversight or long-term integration planning, and yes frequently a lot of duplicated functionality ... But now the music's faded. The lights are on. Everyone from the CIO to the CFO is checking the bill. Welcome to the Great SaaS Hangover ...
Regardless of OpenShift being a scalable and flexible software, it can be a pain to monitor since complete visibility into the underlying operations is not guaranteed ... To effectively monitor an OpenShift environment, IT administrators should focus on these five key elements and their associated metrics ...
An overwhelming majority of IT leaders (95%) believe the upcoming wave of AI-powered digital transformation is set to be the most impactful and intensive seen thus far, according to The Science of Productivity: AI, Adoption, And Employee Experience, a new report from Nexthink ...
Overall outage frequency and the general level of reported severity continue to decline, according to the Outage Analysis 2025 from Uptime Institute. However, cyber security incidents are on the rise and often have severe, lasting impacts ...
In March, New Relic published the State of Observability for Media and Entertainment Report to share insights, data, and analysis into the adoption and business value of observability across the media and entertainment industry. Here are six key takeaways from the report ...
Regardless of their scale, business decisions often take time, effort, and a lot of back-and-forth discussion to reach any sort of actionable conclusion ... Any means of streamlining this process and getting from complex problems to optimal solutions more efficiently and reliably is key. How can organizations optimize their decision-making to save time and reduce excess effort from those involved? ...