Pico to Provide Nasdaq NFX Data, Connectivity
Pico will offer managed services and datafeeds for clients to access data from the NFX market.
Pico─created via last year's acquisition and integration of Chicago-based low-latency ticker plant and feed handler supplier SpryWare with Pico Quantitative Trading's existing infrastructure services (IMD, April 4, 2014)─provides a fully managed data infrastructure solution that includes hosting, market data, connectivity and regulatory reporting.
NFX will offer trading in energy benchmarks covering the oil, natural gas and US power markets, and is scheduled to launch in the middle of this year.
"The addition of Pico to the NFX platform will offer market participants greater access to real-time NFX data, allowing them to enhance their trading strategies while ultimately reducing costs," says Magnus Haglind, vice president of global transaction and market services, and head of US commodities at Nasdaq OMX.
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