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 Launches Test Lab to Enable Replication of Real-World Trading Environments

Subscribe to our newsletter

Pico, the technology services, software, data and analytics vendor, has launched the Pico Performance Lab, offering high-performance testing resources to financial services firms. The Lab provides customers with the ability to implement, simulate and test Pico’s full-stack trading technology solution, including infrastructure, connectivity, market data, trading software, critical timing services and Corvil Analytics. The Lab also allows client to test their own applications and third-party products in real-world type trading environments.

“Pico’s testing capabilities are extremely diverse, and clients have often requested our help to test market data products, trading technology, high-performance software, hardware, advanced chipsets, as well as new switching gear,” says Pico’s Chief Information Officer, Seetharam Gorre. “The launch of the Pico Performance Lab will allow replication of real-world trading environments to include infrastructure, data, replay mechanisms, traffic generators and exchange simulators. We can simulate patterns and, by implementing Corvil Analytics, monitor how those solutions and products perform in real-time. We can also stress test environments, new technologies and products as well as upgrades to operating systems and software prior to rollout. The use cases of the Pico Performance Lab are endless, and we are excited about the possibilities the Lab provides Pico and our clients.”

The Pico Performance Lab adds to other new services that Pico has launched recently, including Corvil Cloud Analytics in December and Corvil VoIP Analytics in January, following a $200 million investment from Golden Gate Capital last year.

With the launch of the Lab, Pico can simulate real-time events based on market data as it existed on a particular day, reproducing those exact conditions for testing. The inclusion of Corvil Analytics means that network microburst capacity can be managed to ensure market data quality. Corvil’s time-stamped data capture provides a data source that can be used for broader analytics and use cases, including trade analytics.

“Our clients are sophisticated electronic market makers, quantitative hedge funds, global banks and exchanges. They now have the ability to replicate real-world trading environments and accelerate loads to multiples of real-time speeds to test market data and trading products in high-volume scenarios in the Pico Performance Lab,” says Pico’s Chief Product Officer, Stacie Swanstrom. “Our clients are institutions who also have clients and they want visibility into our environment. They want to see what our operations teams are seeing, and the launch of this Lab will allow them the unique opportunity to experience how our operational excellence excels through real-world examples.”

Pico will unveil the Lab during an in-person client tour and demonstration on Feb. 15, where attendees will get a first-hand look at the Pico Performance Lab in action.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The emerging structure of the institutional digital assets market

As interest in trading digital assets continues to increase among institutional investors, so too does the need to focus on market structure, regulation and trading solutions. For financial institutions that get it right the rewards will be significant, but it is not necessarily easy and the challenges are many. This webinar will consider how digital...

BLOG

Interoperability and Standardization Are Key to Unlocking the Potential of Tokenization

Driven by a demand for more efficient liquidity management and cost-savings, the value of the asset tokenization market is expected to reach $16 trillion by 2030. Todd McDonald, Co-Founder, and Chief Strategy Officer at R3, outlines the factors driving the growth of tokenization and how financial institutions can make the most of this opportunity. Tokenization is 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

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...