Pico, a technology services provider for financial markets, announced Tuesday the launch of its ultra-low-latency connectivity site, which will be available in North America, Europe and Asia Pacific (APAC) markets.
According to a joint press release with finance polesThe network will support clients with latency sensitive trading strategies that require highly accurate market views and faster execution times.
The company claims that Layer 1 switching technology can achieve a market data latency of 5-87 nanoseconds and a round-trip latency of 140 seconds for order entry, which is about 80 percent down from standard Layer 3 access.
Commenting on the new offering, Roland Hamann, Chief Technology Officer and Head of APAC at Pico, said: “Tier 1 access is an important component of many trading strategies, and Pico’s progress in improving exchange connection latency sets a new standard that gives clients the ability to gain A huge competitive advantage.”
Suggested Articles
After a successful ICO, SaTT hits the market. Go to article >>
Furthermore, the company offers Corvil Analytics which will provide real-time analytics and monitoring, thus ensuring operational performance, transparency and visibility.
The demand for technology in the market is increasing
Pico primarily provides cloud infrastructure to financial market participants through cross-connection that extends to 47 data centers. The company will also go public as it has entered into a definitive agreement to merge with Nasdaq-listed FTAC Athena Acquisition Corp, a blank check buyout company.
“Beko is committed to providing a superior customer experience, and we continue to invest in our next generation network to stay ahead of the curve in performance, security, scalability and transparency. This launch enhances our comprehensive suite of network products that meet the full range of electronic trading requirements,” added Hamann.