Chi-X Canada ATS Limited, a wholly owned subsidiary of alternative trading venue operator Chi-X Global Holdings LLC, today announced that Pico Technologies, a division of Pico Quantitative Trading LLC, will offer its low latency infrastructure from Chi-X Canada's Primary Data Center at 151 Front Street.
Pico Technologies provides low-latency technology services, including the provision of a fully managed hosting solution with direct exchange connectivity, raw and consolidated market data feeds, and the ability to connect with brokers for trade execution.
"Chi-X Canada remains committed to bringing greater trading efficiencies to the market, and we are excited by today's announcement given the alignment of Chi-X and PQT's businesses," said Dan Kessous, CEO of Chi-X Canada. "Pico Technologies' low latency infrastructure will provide our clients a turnkey hosting platform for colocation with Chi-X and provide market participants with greater choice and flexibility."
"We are very pleased to partner with Chi-X Canada, given their reach within the Canadian market place, their premium data center location at 151 Front Street, and their focus on trading efficiency for all investors," said Clarke Roberts, Co-Founder and Head of Sales at PQT. "We are excited to work closely with Chi-X, as Canada is an important market to our clients and we continue to receive strong demand for low latency trading connectivity solutions."