Pico Appoints Board Member Frank Troise as Co-Chief Executive Officer

The leading provider of technology services for the financial markets community has hired Frank Troise to join Pico as Co-Chief Executive Officer alongside Chairman and Founder, Jarrod Yuster. Troise has been on the board of directors of Pico since September of 2019 and will continue in that capacity as he will partner with Yuster to build on Pico’s strong foundation and accelerate further expansion.

Jarrod Yuster, CEO & Founder at Pico

Jarrod Yuster, Pico founder and CEO, commented: “I am excited to have Frank join Pico as my partner and look forward to working side-by-side with him to drive the firm’s next level of global scalable growth. As a trusted industry colleague for close to two decades, Frank has demonstrated a relentless focus on stellar client experience along with operational excellence. Frank has a proven track record of building high-performance global organizations and will be instrumental in achieving our vision. Frank has been a reliable and valued Board Member over the past year, and I am confident he will greatly contribute to Pico and our clients.”

An accomplished CEO in electronic trading and financial technology for global businesses, Troise’s track record within the trading industry includes having been President and CEO of Investment Technology Group and Managing Director at J.P. Morgan, serving as head of J.P. Morgan Execution Services, a global multi-asset electronic execution group within the investment bank. Prior to J.P. Morgan, he was a Managing Director at Barclays Capital and at Lehman Brothers.

“Through consistently anticipating market requirements and investing in innovative technologies, operational excellence and expanding into new global markets, Pico sets the benchmark for technology services in financial markets. Pico is a dynamic firm with deep and broad expertise across financial markets. Pico plays a significant role in equipping clients with the leading-edge technology solutions required to thrive in financial markets. I look forward to working with Jarrod and the team to build on Pico’s strong foundation and achieve the next level of growth at Pico”, said Frank Troise.

Today Pico has a presence in all major market centers globally and offers clients up to 100 Gigabit per second native bandwidth access underpinned by a pure optical backbone network. This wide presence is due to Pico’s major investment in 2018 to build the industry’s most globally comprehensive low-latency network interconnecting all major financial data centers in the world. In 2019, Pico acquired Corvil, the industry-leading provider of data analytics for clients who trade electronically, to transform the ability to maximize trading outcomes
and profitability for market participants.