Pico to Acquire Redline Trading Solutions Inc

On January 4, the financial markets technology services provider, Pico announced that it entered into an agreement to acquire Redline Trading Solutions Inc, a multi-award-winning market access technology provider, for an undisclosed amount of US dollars. Redline Trading Solutions helps customers to build digital products with open APIs. The company provides ultra-low latency software solutions and common APIs to more than 180 global avenues such as exchanges, electronic trading firms, global banks, ETF market- makers and quantitative hedge funds.

Therefore, Pico sees the value of adding Redline’s API management tool to her company’s infrastructure. The addition of Redline’s multi-asset, high performance, software solutions would enable Pico access to a common API for global markets, which is delivered via Pico’s global network.

By acquiring Redline, Pico is set to become an established player in the API management sector with a strong client list to help companies go through the difficult process of becoming more digital. Pico would be able to allow its customers to develop and launch new digital solutions that meet the needs of everyday work, life and play. The acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will contribute to Pico’s increased client opportunity, revenue stream and growth strategy.

Redline’s acquisition comes after Pico acquired Corvil, a network data analytics company, in 2019. The integration of Corvil currently helps Pico to offer real-time analytics and machine intelligence products for financial markets infrastructure operations and performance.

Jarrod Yuster, Chairman, the Founder and Co-CEO of Pico, talked about the development: “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."

Meanwhile, Mark Skalabrin, the Founder and CEO of Redline, commented: “Pico has built one of the most comprehensive global platforms in our industry, and I am excited that Redline will now be part of their ongoing success.”

Accelerating Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Innovation through APIs

The development by Pico comes at a time when the demand for APIs (application programming interfaces) continue to soar. Several products and services such as Facebook and others would not be possible without something that most people are not aware of, APIs. Open APIs are contracts that make it possible for different software programs owned by different companies to interact with each other. The majority of banks have active APIs. However, without knowing, consumers use APIs indirectly with their favorite applications every day. Additionally, business partners and entities use these software intermediaries to access their targeted products and services. Fintech companies such as Pico, Google, Mastercard, and others are committed to unlocking innovation in the digital finance ecosystem by developing and selling open APIs to third parties, empowering such firms to create new services and products that benefit third parties, business providers, and low-income customers.