About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Pico Adds Japan Market Access, Plans Further APAC Expansion

Subscribe to our newsletter

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

Related content

WEBINAR

Upcoming Webinar: Adding cloud to your high performance trading infrastructure

Date: 13 September 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Adding cloud to high performance trading infrastructure offers the benefits of scalability, faster development, and lower capex costs – but can it meet required speeds of data delivery, does it limit the extent of available data, and how can...

BLOG

Top 10 Cloud-Based Trading Environments in 2022

In a time when the drive to shift to cloud-based trading environments is at an all time high due to the covid-19 pandemic, it is useful to look at which firms offer the best solutions. A cloud-based trading environment offers flexibility and business continuity by allowing traders to work from anywhere. Gone are the days...

EVENT

Virtual Briefing: ESG Data Management – A Strategic Imperative (Redirected)

This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...