Financial technology services provider, Pico announced its APAC expansion with launching the new co-location facility for Japan Exchange Group, Inc. (JPX) and becoming a distributor of TSE and OSE market data on the exchange.
JPX operates financial instruments exchange markets, offers reliable venues for trading listed securities and derivatives instruments and clearing and settlement services through a central counterparty and conducts trading oversight.
Pico operates co-located framework in over 40 financial data centers around the world. The addition of JPX facility helps the company have a global comprehensive presence.
In the JPX Co-Location Ecosystem , Pico will provide technology services to financial markets firms that need quick delivery of technological trading solutions and flexible response to the market conditions. Pico brings its experience in infrastructure, connectivity, data, analytics and cloud technology with an expansive global network.
The location is connected to Pico’s private low-latency proprietary network mesh PicoNet. The network ensures fasted path connections between on-net co-location sites and is supported by Pico’s Corvil Analytics, providing real-time visibility and intelligence.
The PicoNet provides low-latency access to TSE and OSE market data with direct access. The network also offers transport to JPX market data and information to clients in the Americas and Europe where there is increasing demand. Pico infrastructure is backed by on-site Intellihands staff and the Pico Service Operations team has global coverage and maintains 24/7 monitoring and troubleshooting.
Ryusuke Yokoyama, Senior Executive Officer & CIO at JPX commented:
Ryusuke Yokoyama
JPX Co-Location Ecosystem aims to present investors, who participate in or are considering participating in JPX markets via the JPX Co-Location service, with more choices and better efficiency when building a trading environment. We welcome Pico to our expanding facility and look forward to their broad portfolio of market-leading technology creating additional value to our ecosystem.
Roland Hamann, Pico Managing Director stated:
Pico is committed to giving our global and local client base the freedom to have their technology needs delivered globally as a service and operate with new levels of agility, accuracy and transparency. Being directly located at all important liquidity venues globally is key to moving fast and succeeding in today’s competitive landscape. Joining the world-class JPX ecosystem in its newest co-location buildout phase, marks a significant milestone in Pico’s global expansion and reinforces our strong commitment to the region. We would like to thank our partners at JPX for their hospitality and support during our smooth onboarding.
Pico has expanded its APAC presence in the last 18 months with strategic hires, opening new offices, additional data center presences like several locations in Singapore, Hong Kong, Tokyo, Korea and Taiwan. The PicoNet has expanded its connectivity presence and on-net offering to interconnect all financial markets in APAC. Pico plans to add six more that centers in the region in the next year.
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