Pico Quantitative Trading Buys AlgoSpan to Boost Europe Infrastructure Play
The acquisition will accelerate Pico's expansion plans in Europe, officials say.
Officials say Pico will retain "key strategic personnel" and will integrate AlgoSpan's Radio Feed product into its market data offering, and that the acquisition will enable Pico to provide raw and normalized data in Europe.
"Combined with Pico's new state-of-the-art infrastructure buildout and the Radio Feed product technology, we believe that our integrated network and market data offering will be well sought after in the region," says Dr. Rami Habib, co-founder and director of AlgoSpan, and
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