Pico, a leading global provider of technology services, software, data and analytics for financial markets, today announced that SIX, the global financial data and market infrastructure provider, is expanding its adoption and integration of Corvil Analytics to monitor its financial information business in addition to processes in its exchange business.
Pico’s Corvil Analytics provides improved data transparency and helps optimize low-latency data delivery by monitoring the speed and integrity of high-volume inbound data flows from multiple exchange providers.
Henk D’Hoore, Head 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.”
Corvil Analytics is able to monitor extremely high volumes of incoming low-latency price data from numerous market participants in real time, without data loss or performance degradation. Corvil’s gap detection, latency and microburst analytics enable clients to detect if any incoming data is incomplete, delayed, or at risk of exceeding capacity, in addition to providing alerts and data to speed resolution.
"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."