Pico to Provide Nasdaq Futures Data
(Thomson Reuters ONE) -
Helps Facilitate Access to NFX by Distributing Key Market Data
NEW YORK, June 3, 2015 (GLOBE NEWSWIRE) -- Nasdaq and Pico, a provider of multi-
asset electronic trading technologies, today announced that Pico will provide
market data infrastructure to its clients to access Nasdaq Futures, Inc. (NFX),
the exchange group's U.S.-based designated contract market (DCM). Through NFX,
Nasdaq will expand its commodities business with futures and options on key
energy benchmarks including oil, natural gas and U.S. power, which will launch
in mid-2015.
"Nasdaq is bringing choice to the marketplace by offering transparency and
alternatives to the futures market and we are happy to provide our clients with
access to NFX," said Bruce Boytim, Chief Operating Officer at Pico. "Pico is
looking forward to enhancing its current market data offering by providing its
broad client base with access to NFX."
Under the terms of the arrangement, Pico will broaden Nasdaq's distribution by
providing access to real-time market raw data feeds to its diverse client base.
Pico provides infrastructure, integration management and software solutions to a
diverse financial services client base. Their "trading infrastructure-as-a-
service" delivers a fully managed solution including hosting, multi-asset class
market data, connectivity and regulatory reporting. Pico has significant
experience in implementing infrastructure and integrating best-of-breed
technology to produce the optimal client solution.
"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," said Magnus Haglind, Vice President of Global
Transaction and Market Services and Head of U.S. Commodities. "Pico has a great
reputation for providing superior technology services and we are fortunate to
have them signed on to provide access to the NFX platform."
Nasdaq's Global Commodities business offers trading and clearing solutions for
assets including power, natural gas and carbon emission markets, tanker and dry
cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates
and clearing services. With competitive fees and a range of liquidity providers,
Nasdaq provides a cost-effective, transparent and efficient marketplace that
appeals to all types of trading entities.
About Pico:
Pico is the technology services division of Pico Quantitative Trading LLC, an
agency-only U.S. broker-dealer that specializes in providing services to multi-
asset electronic trading clients. Pico is a premium technology hosting and
managed service provider that specializes in trading technology. Pico has space
in all of the top US and Canadian colocation facilities and is expanding into
Europe. Pico clients have the ability to connect to over 30 exchanges and to
over 120 venues. Pico Quantitative Trading LLC is a member of FINRA, SIPC and
the NFA. To learn more, visit: picotrading.com
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of approximately $9.5 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
NDAQG
CONTACT: Pico Media Contact:
Kate Dockstader
+ 1 (646) 362-4365 (office)
Kate.Dockstader(at)picotrading.com
Nasdaq Media Contacts:
Joe Christinat
+1 (646) 441-5121 (office)
+1 (646) 284-5920 (mobile)
Joseph.Christinat(at)nasdaq.com
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)nasdaq.com
--------------------------------------------------------------------------------
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
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Datum: 03.06.2015 - 15:00 Uhr
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