Pico Expands Redline Market Coverage with Global Equities, Options, and Rates Venues
2024年8月20日 - 8:00PM
Pico, a leading global provider of mission-critical technology
services, software, data and analytics for the financial markets
community, continues the market coverage expansion of its
high-performance Redline solution. Since Pico’s acquisition of
Redline in late 2021, the investment in Redline’s product lines
have been prioritized, with a particular focus on global growth,
and extension into the fixed income asset class.
In 2024, Redline has significantly expanded its market coverage
by adding support for crucial equities venues, options exchanges,
and rates markets. This expansion includes the integration of US
equities venues such as OneChronos, LTSE, and BlueOcean.
Additionally, Redline has enhanced its coverage in rates markets,
providing comprehensive support for over 10 venues across this
essential asset class, including both bilateral streams and central
limit order books. This includes expansion into Europe, where key
markets such as MTS are now supported. Redline has also integrated
broker support for Morgan Stanley Equities Algos and UBS Futures
Algos, offering clients a broader range of algorithmic trading
options. These developments underscore Redline’s commitment to
continuously evolving its product offerings to meet the dynamic
needs of its clients.
“We are excited to introduce these new venues, which
significantly enhance our clients’ trading capabilities across
equities, options, and fixed income markets,” said Stacie
Swanstrom, Chief Product Officer and Head of AMRS at Pico.
“Our expanded support across these venues, combined with
supporting connectivity and infrastructure for these markets via
Pico’s Services business, highlights our dedication to providing
comprehensive solutions that address the evolving demands of the
financial markets.”
In the first half of 2024, Redline developed over 30 new venues,
ensuring that clients have access to a diverse range of trading
platforms for executing strategies with greater precision and
efficiency.
“With these expansions, Redline now offers unparalleled
market access, serving a diverse client base that includes global
banks, hedge funds, and trading firms,” added Swanstrom.
“Clients are looking for a single vendor to handle
multi-asset class deployments, providing technology efficiency and
best-in-class performance across market data and execution
technology. As the financial markets landscape evolves, Pico
remains committed to investing in Redline’s technology to deliver
cutting-edge solutions that empower our clients.”
This strategic growth is complemented by the seamless
integration of Redline with Pico's range of services – ultra-low
latency raw data, historical PCAP data as a service, hosting,
cloud-based backtesting, replay capabilities, and Corvil Analytics
– underscoring Pico’s commitment to innovation and client-centric
solutions.
Watch a recent webinar covering the Redline suite of
products.
Contact us for more information on the Redline
technology.
About Pico Pico is a
leading global provider of technology services for the financial
markets community. Pico’s technology and services power
mission-critical systems for global banks, exchanges, electronic
trading firms, quantitative hedge funds, and financial technology
service providers. Pico provides a best-in-class portfolio of
innovative, transparent, low-latency markets solutions coupled with
an agile and expert service delivery model. Instant access to
financial markets is provided via PicoNet™, a globally
comprehensive network platform instrumented natively with Corvil to
generate analytics and telemetry. Clients choose Pico when they
want the freedom to move fast and create an operational edge in the
fast-paced world of financial markets.
To learn more about Pico, please visit
https://www.pico.net/
Contact info:Pico Press Officepr@pico.net