Pico, a provider of technology services for financial
markets, and BMLL, a provider of coordinated historical data and analytics,
have announced a strategic partnership. The partnership aims to meet the
growing demand for simultaneous access to real-time and historical data, with
the goal of improving research, liquidity analysis, and trading outcomes.
Unified Data Solutions for Financial Institutions
Pico’s real-time and historical data enhances BMLL’s Level
3, 2, and 1 offerings, allowing clients to gain deeper insights. Pico’s
infrastructure and market connectivity further support these capabilities.
The combined products from Pico and BMLL provide a
comprehensive solution for quantitative analysts, banks, and brokers, helping
them move from research to live trading while reducing complexity and
optimizing performance.
“Integrating Pico’s solutions with BMLL allows quants
and high-performance traders to streamline their workflows with a unified set
of technologies as they move through their journey from research to testing and
into production,” said Jarrod Yuster, Chairman, Founder and CEO of Pico.
Pico and BMLL Enhance Hedge Fund Performance
A recent example of the partnership’s effectiveness involved
a European hedge fund expanding into US equities. The integration of Pico’s
raw historical data and real-time data improved efficiency, performance, and
time to market.
“We have seen increasing levels of demand for an offering
that combines a lower latency real-time environment with high-quality
historical data in a consistent data format,” said Paul Humphrey, Chief
Executive Officer of BMLL.
BMLL’s historical data is derived from raw exchange data and
harmonized into a consistent format with nanosecond timestamp granularity. This
data can be used alongside Pico’s low-latency real-time solution, allowing
clients to smoothly transition between research and live trading.
Pico’s product suite includes 50+ global hosting facilities,
direct exchange access, and advanced network monitoring, complementing BMLL’s
historical data. The partnership aims to set a new standard for data
integration in the financial sector.
This article was written by Tareq Sikder at www.financemagnates.com.
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