Corvil Analytics Chosen by SIX for Their System
SIX, the Swiss exchange and financial information provider, is broadening its collaboration with Pico, a global technology provider in financial markets, to incorporate Pico's Corvil Analytics into its financial information business. This move aims to bolster real-time monitoring and anomaly detection of financial data flows, enhancing data transparency, optimising low-latency data delivery, and improving operational efficiency and response times to clients.
Corvil Analytics, renowned for its best-in-class technology, is equipped to handle extremely high volumes of low-latency price data from multiple market participants in real-time without data loss or performance degradation. Its advanced features, including gap detection, latency tracking, and microburst analytics, enable SIX to detect incomplete, delayed, or capacity-challenged data streams and receive timely alerts to resolve issues swiftly.
Henk D’Hoore, Head of Product Development for Financial Information at SIX, emphasised that this partnership aligns with their market data growth strategy by leveraging cutting-edge technology to strengthen real-time services and operational performance.
This collaboration underscores Pico's standing as a trusted partner in the financial industry. Stacie Swanstrom, Chief Product Officer at Pico, stated that the company is trusted by the world's most sophisticated market participants. The statement from Swanstrom highlights the trust and importance placed in Pico's technology solutions by various market participants.
The expanded partnership between SIX and Pico is significant in Pico's role as a technology provider in global financial markets. Pico is recognised as a critical technology provider across these markets, and this collaboration is crucial in providing critical technology solutions.
SIX's strategy includes leveraging best-in-class technology partnerships, such as the collaboration with Pico, to improve real-time services and response times to clients. The continued collaboration between Pico and SIX underscores the importance of their partnership in the financial industry.
In summary, this extension reflects SIX's commitment to deploying best-in-class technology partnerships like Pico’s Corvil Analytics to ensure superior real-time data monitoring and anomaly detection in their financial information and exchange businesses. The expanded collaboration between SIX and Pico is set to bring about enhanced operational efficiencies and real-time monitoring, further solidifying Pico's position as a trusted partner in global financial markets.
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