Pico, a provider of technology, data and analytic services for the financial markets community, has acquired Redline Trading Solutions (Redline), a provider of high performance trading and market data software solutions.

The addition of Redline’s multi-asset software solutions will provide access to a common API for global markets, both real-time and historical, delivered via Pico’s global network. The combined offering reduces complexity by allowing trading firms to optimise market access and coverage and trading stack performance in a seamless manner.

Redline provides ultra-low latency software solutions and common APIs to over 180 global venues serving a marquee client roster that includes global banks, quantitative hedge funds, electronic trading firms, ETF market-makers and exchanges.

Financial terms of the transaction have not been disclosed. Redline had previously been backed by GS Growth, the growth investing arm of Goldman Sachs.