What Redline Trading Solutions does

Redline Trading Solutions, founded in 2008 by Mark Skalabrin, is a provider of ultra-low latency software for market data distribution, order execution, and pre-trade risk in automated trading environments. Its platform delivers single-digit microsecond market data and execution across 230+ trading venues through a common API, with optional FPGA-accelerated deployments for deterministic performance. The product portfolio comprises the flagship Redline trading software plus three sub-products: InRush Ticker Plant (market data processing and distribution), RedlineFeed (market data feed handler), and Order Execution Gateway (low-latency order routing).

Redline was acquired by Pico Quantitative Trading LLC and now operates as a product brand within Pico's broader trading infrastructure platform, which also includes the Corvil Analytics packet-level observability product and the PicoNet global connectivity and colocation network spanning 55+ data centers and 900+ exchange/venue products. Revenue is generated through subscription-based software licensing and managed infrastructure services, sold via a direct enterprise field-sales motion targeting global banks, regional banks, exchanges, hedge funds (quant, macro), electronic market makers, asset managers, retail brokers, fintech service providers, and crypto firms. Customer logos include Goldman Sachs, JPMorgan, Citibank, Barclays, UBS, Coinbase, and the Texas Stock Exchange. The company is headquartered in Woburn, Massachusetts (with Pico's corporate headquarters in New York City), employs 51-100 people, and remains a private subsidiary of Pico.

Name

Redline Trading Solutions

Legal name

Redline Trading Solutions

Website

https://redlinetrading.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Redline Trading Solutions provides ultra-low latency market data and order execution software for automated trading, serving global banks, exchanges, hedge funds, and crypto firms as a subsidiary of Pico.

Ownership category

akta.pro rank

Product category

Trading Infrastructure Software

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374), Services-Management Services (8741)

akta.pro primary industry

Algorithmic Trading & Execution Platforms (FSAFANAN)

akta.pro secondary industries

Securities Trade Processing & Matching (STP) (FSAFALAA), Client Reporting Gateways & Connectivity Providers (Submission/Message Translation) (FSAFAJAG), Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)

Keywords

• Ultra-low latency trading
• Market data software
• Order execution systems
• Trading infrastructure
• Pre-trade risk management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations

Revenue model

1. Software Licensing and Subscriptions: Redline Trading Solutions generates revenue through software licensing and subscription models for its ultra-low latency trading software. The company offers both self-managed and managed service options where Pico's 24/7 global Service Operations Center handles delivery, device management, and lifecycle.
2. Managed Infrastructure Services: Managed services revenue from delivering, managing, and maintaining trading infrastructure including device management and lifecycle support across global data centers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Redline Trading Solutions provides ultra-low latency software for market data distribution, order execution, and pre-trade risk for automated trading. The platform features a common API enabling connectivity across 230+ venues with both software and FPGA-accelerated deployment options. Core components include RedlineFeed for market data handling, Order Execution Gateway for low-latency routing, and InRush Ticker Plant for market data processing.

Product overview

Pico provides a unified trading infrastructure platform with three core product lines: (1) Redline Trading Solutions - an acquired brand offering ultra-low latency software for market data, order execution, and pre-trade risk, including InRush Ticker Plant, RedlineFeed, and Order Execution Gateway sub-products; (2) Corvil Analytics - a packet-level network and trading analytics platform with hardware appliances and software decoders; and (3) Market Services including PicoNet for global connectivity and colocation across 55+ data centers and 900+ exchanges. The Redline products share a common API and support both software and FPGA-accelerated deployments.

Differentiator

Problem solved

Functional benefit

Brands

• Redline: Ultra-low latency software for market data, order execution, and pre-trade risk.
• RedlineFeed
• Order Execution Gateway

Products and services

• RedlineFeed High-performance market data feed handler providing ultra-low latency access to market data across multiple venues through a common API for trading firms and financial institutions.
• Order Execution Gateway High-performance order execution gateway enabling rapid order routing and execution across trading venues with low-latency performance for automated trading systems.
• InRush Ticker Plant Ticker plant solution for market data processing and distribution with high throughput and low latency for financial institutions and trading firms.

Quantifiable outcome

• Single-digit microsecond market data distribution and execution across 230+ venues
• +4 more outcomes

Named customers7 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• TXSE (Texas Stock Exchange)coreStrategic or Co-development Partner · 1 January 2024Pico is the first connectivity provider for TXSE's launch, enabling extranet connectivity via PicoNet. Trading firms, brokers, and market participants can establish access ahead of the exchange's launch through Pico's globally comprehensive network platform.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IPC Systems: Provider of trading communications, connectivity, and market data infrastructure to financial markets participants. Competes with Pico's PicoNet connectivity and Redline's order routing capabilities for global banks, prop firms, and exchanges.
• Options IT: Provider of managed trading infrastructure and connectivity services to capital markets participants. Directly comparable to Redline/Pico's managed services and connectivity offering, serving similar quant, prop, and institutional clients globally.
• Exegy: Direct competitor in low-latency market data feed handlers, ticker plants, and trading infrastructure. Exegy provides FPGA-accelerated appliances and software for normalized market data across global venues, serving the same quant and exchange segments as Redline.
• McKay Brothers: Specialist provider of ultra-low latency connectivity and wireless networks between major trading venues. Directly comparable to PicoNet's sub-millisecond inter-center connectivity that Redline's execution software relies on.
• Beeks Financial Cloud: Low-latency cloud and hosting provider specifically built for capital markets. Competes with Redline/Pico's colocation and managed infrastructure on the basis of flexibility and cloud-native deployment, addressing the same latency-sensitive trading customers.

Emerging players

• TransFICC: Cloud-native post-trade processing and connectivity platform for fixed income and derivatives markets. Emerging competitor targeting similar institutional workflows that Redline/Pico serve through market services and order execution gateways.
• Enyx: FPGA-based low-latency market data and trading solution provider. Competes with Redline's FPGA-accelerated deployments and serves overlapping quant and exchange clients seeking deterministic nanosecond-level performance.

Broad incumbents

• Itiviti (Broadridge Trading and Connectivity Solutions): Broad-owned trading infrastructure platform offering multi-asset connectivity, order routing, and exchange-grade trading solutions. Competes with Redline in market data and order execution gateways for institutional sell-side and buy-side clients.
• Pico Quantitative Trading: Parent company and operating entity for Redline. Pico is the direct parent that acquired Redline and now offers its software as a product line within a broader trading infrastructure stack including PicoNet connectivity and Corvil Analytics. Relevant as the integrated incumbent parent offering overlapping capabilities.

Others

• ADVA (now Adtran): Network equipment vendor providing low-latency optical networking solutions used by financial markets participants. Enabling infrastructure provider for trading venues and connectivity providers including Redline/Pico's data center footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/redlinetrading
• LinkedInlinkedin.com/company/redline-trading-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redline Trading Solutions