Pico Quantitative Trading Selects MapR

MapR Technologies, Inc. announced that Pico Quantitative Trading, LLC, a provider of multi-asset electronic trading technologies, is using the MapR Distribution including Hadoop to extend its analytical data service offerings for customers in the capital markets community.

Leveraging a growing amount of both traditional and non-traditional types of financial data, Pico will rely on the scale, speed and ease of use from the MapR platform to offer technology solutions and provide real-time data analysis to their clients.

Increasing demand from clients for expanded data analytic capabilities and the growing volumes of data in use were some of the driving factors that led Pico to evaluate the underlying technology. In order to leverage a wide range of historic and current data, including market, transactional and informational sources, Pico needed a scalable and highly available data platform that could lower storage costs and also support its existing environment.

“Pico is all about innovation and we believe that the MapR dedication to HA, DR, security and full data protection fits perfectly with our requirements to serve a global market,” said Paul Cassell, CIO, Pico. “MapR will play a key role in our data center and IT operations as we expand our services with greater scale and performance and provide our clients with many customized Hadoop offerings.“

Using MapR, Pico can analyze massive amounts and types of data in real time; accelerate the speed of analysis, while increasing data volume; and improve risk assessment by building sophisticated machine learning models. Due to the architecture at the core of the MapR data platform, Pico is able to leverage the versatility of plug-and-play compatibility with Hadoop for additional data analysis and application capabilities.

“Pico provides infrastructure, integration management and software solutions to a very diverse financial services client base,” said Jack Norris, CMO, MapR. “Their use of the MapR Distribution in this demanding environment is a tremendous endorsement of our enterprise-grade platform. We look forward to working with Pico as they continue to grow and expand.“

At Big Data Everywhere conference in New York on November 4th Pico’s CIO, Paul Cassell, and director of corporate development, Dan Bartucci, will present, The Transformational Influence of Big Data in the Global Capital Markets.