Pico Deploys Solace Appliances for Data Distribution over Trading Platform

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New York-based agency broker and trading infrastructure technology provider Pico Quantitative Trading is rolling out Ottawa-based messaging hardware supplier Solace Systems' 3200 series middleware appliances to serve as the underlying data distribution layer for its trading infrastructure, which supports trading and risk management functions in multiple asset classes worldwide for Pico's sophisticated trading clients, and helps the firm meet its service-level agreements with clients.

In addition, the Solace appliances require a much smaller physical footprint than other solutions, allowing the firm to increase the capacity, functionality and geographic reach of its platform, says Pico chief technology officer Sonny Baillargeon.

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