Digital Assets Report


Like this article?

Sign up to our free newsletter

Pico acquires Redline Trading Solutions

Related Topics

Pico, a provider of technology, data and analytic services for the financial markets community, has acquired Redline Trading Solutions (Redline), a provider of high performance trading and market data software solutions.

The addition of Redline’s multi-asset software solutions will provide access to a common API for global markets, both real-time and historical, delivered via Pico’s global network. The combined offering reduces complexity by allowing trading firms to optimise market access and coverage and trading stack performance in a seamless manner.

Redline provides ultra-low latency software solutions and common APIs to over 180 global venues serving a marquee client roster that includes global banks, quantitative hedge funds, electronic trading firms, ETF market-makers and exchanges.

Financial terms of the transaction have not been disclosed. Redline had previously been backed by GS Growth, the growth investing arm of Goldman Sachs.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading