SIX has expanded its integration of Pico’s Corvil Analytics to include monitoring of its financial information business, extending the technology’s role beyond the exchange processes it already supports. The move builds on an existing collaboration between the two firms and forms part of SIX’s market data growth strategy.
Pico’s Corvil Analytics is designed to provide real-time transparency into the performance of high-volume, low-latency data flows. The technology monitors inbound market data from multiple exchange providers, measuring speed and integrity to ensure accuracy and timeliness for clients who rely on these feeds. The extension of its use within SIX allows the firm to apply the same performance oversight to its financial information services, a core part of its global operations.
Gap detection, latency analysis, and microburst monitoring
Henk D’Hoore, Head Product Development, Financial Information at SIX, commented, “As part of our market data growth strategy, we are determined to leverage best-in-class technology partnerships such as our collaboration with Pico. It enables us to enhance operational efficiencies and provide cutting-edge, real-time monitoring and data anomaly detection capabilities which, in turn, improve our real-time services and response times to clients.”
The Corvil platform is built to handle large-scale market data without packet loss or performance degradation. Its analytics functions include gap detection, latency analysis, and microburst monitoring, allowing users to identify incomplete or delayed data, as well as detect when capacity thresholds are at risk of being breached. These features are supported by an alerting system designed to speed resolution and maintain service quality.
Pico describes Corvil Analytics as a critical component for market participants that operate at the highest levels of speed and precision. Stacie Swanstrom, Chief Product Officer at Pico, said, “Pico and Corvil Analytics are trusted by the world’s most sophisticated market participants. We’re proud to expand our work with SIX, which underscores our position as a trusted partner and critical technology provider across global financial markets.”
By applying Corvil Analytics to its financial information division, SIX aims to improve oversight of inbound low-latency price data across both its trading and data businesses. This development reflects a broader trend among market infrastructure providers toward unifying monitoring frameworks across multiple operational areas, enabling them to respond more quickly to anomalies and maintain high service standards for clients in trading, investment, and risk management roles.
SIX’s financial information business delivers market data, reference data, and analytics to clients globally, complementing its role as a market operator. The integration of Corvil Analytics into these workflows adds an additional layer of performance management at a time when demand for speed, reliability, and transparency in market data delivery continues to increase.