Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, continues to advance its globally comprehensive technology solutions with the introduction of 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 Analytics 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 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, Chief Technology Officer & Head of APAC at Pico. 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.
