Pico

More About Pico

Pico focuses on technology infrastructure and services used by banks, asset managers, hedge funds, electronic trading firms, and other institutional market participants that require consistent access to global exchanges and liquidity venues. Its offerings System Integration Testing (SIT) in the enterprise categories of trading infrastructure, financial market connectivity, market data distribution, and managed cloud for front-office trading workloads. Clients use Pico to host and operate latency-sensitive trading applications, to access consolidated and direct market data, and to interconnect with counterparties and venues in major financial centers.

The company’s trading infrastructure and connectivity services (trading infrastructure) provide colocated and proximity hosting at financial data centers, cross-connects to exchanges and liquidity venues, and network services engineered for deterministic performance. These services are typically integrated into clients’ order management systems (OMS), execution management systems (EMS), and algorithmic trading platforms, using standard financial protocols such as FIX for order routing and proprietary or multicast protocols for market data. Pico positions its infrastructure as a managed environment, where hardware, network components, and operating systems are maintained to support low-latency and high-throughput trading strategies.

Pico’s market data services (market data distribution) cover normalized and raw feeds from multiple exchanges, venues, and brokers across asset classes such as equities, derivatives, fixed income, and currencies. These services are used by quantitative strategies, risk systems, and analytics platforms that depend on consistent and high-quality tick data. Data is delivered using common financial data frameworks and APIs, and may be integrated into in-house analytics stacks or third-party trading platforms hosted within Pico environments or at client sites. The company emphasizes deterministic delivery and operational monitoring to maintain data quality and availability for time-sensitive trading strategies.

In the financial cloud infrastructure category, Pico offers managed hosting and private cloud environments optimized for electronic trading, which include compute, storage, and network resources delivered as a service. These environments are typically deployed in or near major financial data centers and interconnect with Pico’s broader network backbone. Clients use these services to deploy trading engines, market data handlers, risk calculations, and related microservices while delegating infrastructure operations, capacity planning, and patching to Pico.

Pico’s network operations and observability services (network operations and observability) include monitoring, telemetry, and support functions for trading networks and systems. This covers performance monitoring across routes, latency measurement, and fault detection within the infrastructure stack, supporting operational teams that must maintain service levels across multiple venues and geographies. These capabilities are aligned with enterprise requirements around resiliency, uptime, and incident response for trading operations.

Across these solution areas, Pico also provides technology services and consulting (technology services) around architecture design, deployment, migration, and optimization of trading workloads into Pico-hosted or hybrid environments. From a directory and taxonomy perspective, Pico can be placed under financial markets Infrastructure-as-a-Service (IaaS), low-latency market connectivity, managed market data services, financial cloud hosting, and trading systems network operations, serving institutions that require always-on, high-performance access to global electronic markets.