Trading infrastructure and connectivity specialist Pico has added colocation services and ultra-low-latency market data delivery of the Tokyo and Osaka stock exchanges to its Asia-Pacific capabilities. The Japan Exchange Group (JPX) deal is the latest in a series of moves by Pico in the past 18 months to expand in the Asia-Pacific region, with added presence in Singapore, Hong Kong, Tokyo, Korea and Taiwan. Pico says it remains on track to add a further six data centres in the region in the next 12 months.
Under a new arrangement with JPX, Pico is launching a managed co-location capability at JPX’s new trading ecosystem facility, and becomes a distributor for TSE and OSE market data. JPX is the third-largest exchange group in the world, providing trading firms with market connectivity and real-time price information as well as provides clearing and settlement services through a central counterparty.
In joining the JPX Co-Location Ecosystem, Pico will offer a range of technology services to financial markets participants. These extend from infrastructure and connectivity, to data, analytics and access to cloud-based services. Participating brokers will provide execution on the Tokyo and Osaka exchange matching engines via cross-connect (XC).
Pico’s new colo facility is connected PicoNet, the company’s private low-latency proprietary network mesh, which offers fast, resilient and scalable access to Pico services. The network ensures the fastest-path connections between on-net co-lo sites and is supported by analytics supplied by new acquisition Corvil, which provides real-time visibility and intelligence to assure speed, transparency, and compliance.
The PicoNet backbone will provide low-latency direct access to TSE and OSE market data for market participants, as well as a seamless link for transporting JPX market data and other financial information to meet growing demand in the Americas and Europe. The Pico co-located infrastructure at the JPX facility will be supported by its on-site Intellihands staff, while the Pico Service Operations team provides global monitoring and troubleshooting coverage 24/7.
According to JPX CIO Ryusuke Yokoyama, the arrangement with Pico is part of JPX Co-Location Ecosystem’s aim to offer market participants “more choices and better efficiency when building a trading environment.”
Roland Hamann, Managing Director at Pico reckons “Being directly located at all important liquidity venues globally is key to moving fast and succeeding in today’s competitive landscape.”
Subscribe to our newsletter
