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 Refits Jersey Network with Optical Dark Fibre, Adds Corvil Performance Monitoring

Subscribe to our newsletter

Pico is pushing on with its global expansion plan and taking advantage of its acquisition of Corvil with a refit of its Jersey network and the deployment of Corvil network performance monitoring and analytics on top of the network.

The new network, the company’s latest investment in its PicoNet proprietary global financial markets network, is built with optical dark fibre backbone capacity of up to 10Tbps and includes reconfigurable optical add-drop multiplexer (ROADM) functionality that allows traffic to be routed optically between sites, instead of through multiple switches, and significantly reduces any minor additions to latency. The network also allows Pico to provision dedicated 100Gbps capacity links directly to clients.

The improvements in the network are designed to match clients’ needs for increasingly reliable connectivity with predicted latency. One fundamental change is a move from carrier managed connectivity to carrier fibre that is lit and managed by Pico. Roland Hamann, Pico managing director, explains: “This gives us control so that we can ensure compliance. We can also light various spectrums in the network to provide more bandwidth and reliability.”

The company’s carrier, Zayo, acquired Spread Networks, which is known for its fast route between New York and Chicago, in early 2018, resulting in what Hamann describes as ‘a network that is the fastest money can buy’. To ensure reliability and redundancy, the network connects each data centre to all others.

By adding Corvil network performance monitoring and analytics on top of the optical backbone, clients can gain real-time visibility and transparency, with Corvil’s telemetrics helping them to continually improve algo performance and execution quality. Hamann says: “By putting Pico and Corvil products together, we have a picture perfect execution network for anyone who wants to trade in the US.”

The network initially connects Equinix NY4 (Secaucus), Nasdaq (Carteret), Intercontinental Exchange NYSE (Mahwah), and Cyxtera NJ2 (Weehawken) and is being used by investment banks, large hedge funds and small prop shops. Looking forward, Hamman says Pico has started testing dark fibre in Europe, with the London metro area being lit first, and will refit the rest of its European network and later its growing Asia-Pacific network.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Trade South Africa: Considerations for Connecting to and Trading the Johannesburg Markets

Interest among the international institutional community in trading South African markets is on the rise. With connectivity, data and analytics options for trading on the Johannesburg Stock Exchange growing more sophisticated, and the emergence of A2X as a credible alternative equity market, South Africa is shaping up as a financial centre that can offer a...

BLOG

Kyte Broking Limited Enhances Client Communications to Include WhatsApp and Telegram

Futures and Options broker Kyte Broking Limited, part of the Market Securities Group, has announced the introduction of WhatsApp and Telegram as approved customer communication channels, significantly enhancing client interaction capabilities. This development comes as a solution to the previous challenges posed by strict regulatory demands for broker-client communications. Previously classified as ‘off-channel’ by 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

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...