About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Pico Introduces Ultra-Low Latency Connectivity Across Key Global Venues

Subscribe to our newsletter

Trading technology, data and analytics service provider Pico has launched ultra-low latency venue connectivity across its key global trading venues, achieving more than 80 percent reduction in round trip latency, according to the company. 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.

The new Layer 1 offering is supported by Pico’s Corvil Analytics, which continuously monitors Layer 1 switch transit latency, with immediate alerts generated if nanosecond thresholds are violated, providing operational transparency for latency-sensitive trading. End-of-day reports on details including message rates, microbursts, and gap detection give clients service assurance visibility.

The Layer 1 connectivity is available across venues in North America, Europe and Asia-Pacific (APAC), with Pico’s global service delivery team providing support for the turnkey solution.

“This is a shared Layer-1 service, which provides the lowest latency access to local venues, at an extremely attractive price point,” says Roland Hamann, Chief Technology Officer & Head of APAC at Pico. “And our engineers are experts with the technology, so clients can significantly reduce their latency without having to onboard the expertise themselves.”

Hamann continues, “And, unique to the Pico Layer-1 product, we are offering visibility of the performance of the service, through Corvil reports – clients can verify that they are getting the Layer-1 latency advantage continuously.”

The service, which utilises switching technology from Arista and Cisco, is already live for Nasdaq, Deutsche Borse, JPX and ASX, with CBOE and CME due to be launched shortly, followed by other venues.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational...

BLOG

Quincy Data Collaborates with NovaSparks to Enhance NovaTick with QED Feed Integration

Quincy Data, a division of McKay Brothers, has partnered with field programmable gate array (FPGA) market data technology vendor NovaSparks, to integrate the Quincy Extreme Data (QED) Feed into NovaSparks’ NovaTick ultra-low latency ticker-plant, which leverages FPGA matrix architecture to meet the high-performance demands of electronic trading platforms. The integration allows NovaTick to process the...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...