Ottawa, Ontario, July 23, 2013 – Solace Systems announced today that Pico Quantitative Trading (PQT℠), a financial technology services provider and an agency-only broker that offers low-latency trading solutions across all asset classes, is adopting Solace middleware appliances as the data distribution infrastructure within their 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.
“Solace technology is the central nervous system of the trading infrastructure that our technically sophisticated clients use to execute trades across a range of asset classes around the world, ” said Sonny Baillargeon, CTO, Pico Quantitative Trading. “By efficiently routing all of the real-time data it takes to execute smart trades and manage risk, Solace helps us satisfy service level agreements, and maintain our competitive advantage delivering world-class trading services.”
After evaluating several middleware technologies Pico decided that Solace 3200 series middleware appliances 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 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.”
“Pico’s sophisticated technology services are lowering the barrier to entry for many firms to engage in high-quality low-latency trading more easily and with lower cost than ever before, ” said Craig Betts, CEO, Solace Systems. “We are pleased to be at the center of Pico’s strategy of delivering fast, highly reliable service to their end clients around the world through even the most demanding market conditions.”
About Pico Quantitative Trading
Pico Quantitative Trading is a financial technology services firm and an agency only broker dealer established under the business principles of providing distinguished products and services, delivering innovative and pragmatic technology solutions, and offering market structure expertise. PQT is a member of FINRA and SIPC. PQT is a registered service mark licensed for use by Pico Quantitative Trading LLC.