Pico partners with SIX to enhance data transparency

Pico

Pico, a global leader in technology services, software, data, and analytics for financial markets, has announced that SIX, a major provider of financial data and market infrastructure, is expanding its use of Pico’s Corvil Analytics.

This partnership aims to enhance data transparency and optimize operational performance in financial services.

The collaboration comes as part of SIX’s strategy to grow its market data services. By integrating Corvil Analytics, SIX seeks to improve operational efficiency and provide cutting-edge, real-time monitoring and anomaly detection capabilities. This will enhance SIX’s ability to monitor its financial information business and processes within its exchange business, ensuring faster and more accurate responses for clients.

Pico provides technology solutions for financial markets, including data analytics, infrastructure, and software that support decision-making processes. The company’s flagship product, Corvil Analytics, is designed to monitor the speed and integrity of high-volume data flows, ensuring the delivery of low-latency information without performance degradation.

SIX, on the other hand, is a global financial data and market infrastructure provider. It operates across multiple sectors, including financial information services, trading, and banking. Through its exchange services and financial information business, SIX offers real-time, high-quality data and analytics to support financial institutions globally.

With Corvil Analytics, SIX will be able to monitor the vast data flows from its multiple exchange providers. The platform’s real-time capabilities allow for immediate detection of data anomalies, latency issues, and potential capacity risks. This is crucial in maintaining the accuracy and timeliness of the data services SIX offers to its clients, especially in high-stakes financial environments.

Pico’s Corvil Analytics plays a critical role in ensuring that financial data is delivered efficiently across markets, with real-time monitoring that detects any disruptions in the data stream. The ability to detect gaps, latency, and microbursts in the data allows for immediate intervention, minimizing the risks of incomplete or delayed data affecting the service quality.

Henk D’Hoore, Head of Product Development, Financial Information, SIX said: “As part of our market data growth strategy, we are determined to leverage best-in-class technology partnerships such as our collaboration with Pico. It enables us to enhance operational efficiencies and provide cutting-edge, real-time monitoring and data anomaly detection capabilities which, in turn, improve our real-time services and response times to clients.”

“Pico and Corvil Analytics are trusted by the world’s most sophisticated market participants,” said Stacie Swanstrom, Chief Product Officer at Pico. “We’re proud to expand our work with SIX, which underscores our position as a trusted partner and critical technology provider across global financial markets.”

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