Pico, a leading player in global fintech market has recently revealed the expansion of its presence in APAC region in its latest announcement. As per the statement released by the firm it has launched a new co-location facility for Japan Exchange Group, Inc. (JPX) to provide ultra low latency access to JPX trading platform and has also signed on to become a JPX distributor of TSE and OSE market data. JPX is widely considered the third-largest exchange in the world due to its ownership of several leading exchanges which deals in securities and derivatives instruments and trading services. Some of its most well-known services include – market infrastructure, market data, clearing and settlement services. Pico – the fintech firm primarily specializes in infrastructure based technical services and is well known in the market as operator of one of industry’s leading co-located infrastructure services with a global presence and covers more than 40 major financial data centers locations. With the launch of this new unit for JPX, Pico has reached a major milestone in its strategy to have a comprehensive presence across all major global financial service data centers and marketplaces.
As part of this deal with JPX on its Co-Location Ecosystem, Pico will primarily focus on clients which require cutting-edge solutions that are delivered quickly and accurately while also has the need for flexibility and agility to respond to ever-changing market conditions. In last two years Pico has aggressively pursued its expansion activities in APAC market region in various form such as making strategic hires, establishing new offices and adding new data center presences in Singapore, Hong Kong, Tokyo, Korea and Taiwan. The PicoNetTM backbone has continued to extend its connectivity presence and on-net offering to interconnect all financial markets in APAC. Also according to statement from the firm, it is poised to add additional six new data centers within next twelve months. It should be noted that aside from its infrastructure related technical services, the firm also deals in connectivity, data, analytics and cloud technology. The firm’s services across all the above mentioned areas meet the latest requirements and cater to wide range of demands despite challenges emerging from ever evolving industry making it a leading player in the global financial services market.
It should be noted that Pico has connected all of its co-location centers with its private low-latency proprietary network mesh PicoNet™ which has been designed for speed, resilience and scalability to deliver the best possible customer experience while also ensuring the fastest path connections between its on-net co-location sites. Also, this deal provides JPX with access to Pico’s Corvil Analytics service which facilitates real-time visibility and intelligence to assure speed, transparency and compliance. Owing to PicoNet™ backbone, clients of JPX will now have access to ultra low-latency access to TSE and OSE market data with direct access. Aside from direct access of market data for its local clients, via PicoNet™ JPX has now gained the means to share JPX market data and information to clients in the Americas and Europe region a seamless network as demand continues to increase with each passing day. This jointly managed Co-Location ecosystem at the JPX facility will be monitored and maintained by experienced, on-site Intellihands staff while the Pico Service Operations team which in charge of maintaining smooth operations at all such units from across the world handle the 24/7 monitoring and troubleshooting activities..
Speaking about this deal, Ryusuke Yokoyama- Senior Executive Officer & CIO at JPX said, “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”.
Commenting on same topic, Roland Hamann – Pico Managing Director said, “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”.