As India's capital markets continue to experience rapid digital transformation, financial institutions are seeking greater visibility into trading infrastructure and operational performance. Pico and ITRS have announced a strategic partnership that integrates Pico's Corvil Analytics with the ITRS Geneos observability platform, enabling firms to monitor latency-sensitive trading environments, improve operational resilience, and strengthen regulatory compliance.
Pico and ITRS have introduced a joint solution designed to provide Indian capital market participants with comprehensive visibility into electronic trading operations. By integrating Corvil Analytics with the ITRS Geneos platform, organizations can monitor applications, network infrastructure, and business services through independent packet-level telemetry. The combined platform enables firms to validate service quality, investigate performance issues, and strengthen operational resilience across trading environments.
Corvil Analytics captures trading, network, and application activity directly from packet-level network data without requiring instrumentation or introducing latency overhead. By decoding market data, order execution, and infrastructure traffic in real time, the solution creates a synchronized operational record that helps financial institutions analyze trading performance and identify service disruptions more efficiently.
India's financial markets continue to witness increasing trading volumes, infrastructure modernization, and broader electronic market participation. As organizations scale operations and automate critical workflows, they require advanced observability tools capable of identifying latency issues, packet loss, market data gaps, and infrastructure bottlenecks before they affect business performance. The partnership is intended to address these operational challenges while supporting compliance initiatives aligned with SEBI requirements.
“India is one of the world's most dynamic capital markets, where firms are balancing rapid growth, increasing IT complexity, and rising expectations for resilience and market infrastructure performance,” said Ryan Terpstra, CEO of ITRS. “This partnership advances our mission to provide automated and holistic observability that protects critical applications for capital markets firms and enables our clients to accelerate innovation.”
“Pico's Corvil Analytics technology is purpose-built for high-throughput, latency-sensitive and regulated trading environments,” said Jarrod Yuster, Founder and CEO of Pico. “Partnering with ITRS extends Corvil's network-derived golden source of truth and enhances an observability platform used by top financial firms. Clients need an independent record of trading and business services activity for sharing across teams. This partnership helps make that possible for firms operating in one of the fastest-growing financial markets globally.”
The combined offering provides financial institutions with a unified operational view by correlating network telemetry, application performance, market data, and order flow. This enables operations, compliance, analytics, and AI-driven investigation teams to access high-fidelity data for faster troubleshooting and more informed decision-making. As India's financial ecosystem continues to modernize, integrated observability platforms are becoming increasingly important for maintaining market stability and operational efficiency.
The partnership highlights the growing importance of network-derived observability in supporting the next phase of digital transformation across financial markets. By combining packet-level analytics with enterprise observability, Pico and ITRS aim to help Indian financial institutions improve resilience, enhance trading performance, and navigate increasingly complex market environments.
About ITRS
ITRS provides real-time monitoring, analytics, and observability solutions that help financial institutions and enterprises ensure operational resilience, performance, and compliance. Trusted by leading banks and global multi-brand enterprises, ITRS enables teams to detect, diagnose, and resolve issues before they impact their customers or their business.
About Pico
Pico is a leading global provider of technology services for the financial markets community. Pico's technology and services power mission-critical systems for global banks, exchanges, electronic trading firms, quantitative hedge funds, and financial technology service providers. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil to generate analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.
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