A major provider of mission-critical technology, Pico, has announced the acquisition of Redline Trading Solutions, a provider of market data and high-performance trading solutions.
According to the announcement, the acquisition deal is part of the company’s overall strategic goals to become a top provider of analytics, data, technology, and software provider. The deal will also help Redline to offer access to a common API for global markets.
The firm offers common API and low latency software solutions to over 180 global avenues, including quantitative hedge funds, global banks, ETF market-makers, electronic trading firms, as well as exchanges.
Redline Brings Great Value To Pico’s Infrastructure
Pico says the firm decided to make the acquisition deal because it sees great value in what Redline will bring to its infrastructure.
The acquisition of Redline means Pico has become a top player in the API management sector, as the company already has an impressive client list.
Pico has assisted a lot of firms to have easy access to become more digital, and it plans to assist a lot more companies to complete the process.
Pico will also assist its clients in developing and launching new digital solutions that take care of the needs of everyday work, life, and play. The deal will also enable Pico to improve its growth strategy, increase its revenue stream, and expand its client base.
The Acquisition Will Help Pico Provide The Needs Of Its Clients
The acquisition of Redline comes following Pico’s acquisition of Corvil, a network data analysis firm, in 2019.
Pico integrated Corvil to provide machine intelligence and real-time analysis for performance and financial markets infrastructure operations.
Founder and Chief Executive Officer of Pico, Jarrod Yuster, commented on the acquisition deal. He noted that the trading environment has become more globalized. As a result, clients are increasingly looking for greater efficiency in data consumption as well as in market infrastructure services.
Financial institutions are looking for a comprehensive technology partner that operates globally, especially those that understand their business. Yuster says with Redline’s software and ultra-low latency trading solutions, Pico is set to meet the needs of the customers. Additionally, Pico’s industry-leading Corvil Analytics positions, data offering, and broad infrastructure will provide solutions to the challenges in the market.