Pico completed the acquisition of Redline Trading Solutions.

Pico, a provider of mission critical technology, data and analytic services for the financial markets community, completed the acquisition of Redline Trading Solutions, a provider of high performance trading and market data software solutions. Financial terms were not disclosed. "As the trading environment becomes more globalized and continues to produce increasing amounts of data, clients are seeking greater efficiency in market infrastructure services and data consumption. Financial institutions want a trusted and globally comprehensive technology partner who understands their business, the market landscape and how to apply technology solutions. Combining Redline’s premier ultra-low latency trading and software solutions with Pico’s broad infrastructure, cloud and data offering, and industry leading Corvil Analytics, positions Pico uniquely to address these client needs and market challenges," Jarrod Yuster, Pico Chairman, Founder and Co-CEO.