Pico uses Solace PubSub+ appliances as the data distribution infrastructure within their Pico Quantitative Trading platform. PQT offers their solution as a managed service, complete with connectivity to the world’s leading exchanges and execution venues, market data feeds, integrated risk management, data analytics and more. After evaluating several messaging middleware technologies, Pico decided that Solace technology best met their requirements in the areas of performance and the continuous distribution of data across geographies for risk management and disaster recovery.
“With support for extremely high message throughput, WAN distribution capabilities and multi-site disaster recovery, Solace appliances meet all of our data distribution needs with a much smaller footprint than competitive solutions,” said Pico’s CTO Sonny Baillargeon. “That compact footprint and the fact that Solace appliances are remarkably easy to deploy and operate enables us to increase the capacity, functionality and geographic reach of our platform as we co-locate our systems in exchange datacenters.”