Trading technology provider Pico has extended the reach of its global offering with the formation of a wholly foreign-owned enterprise (WFOE) in China, British Commercial Pico (Shanghai) Information Technology Co., Ltd.
Located within proximity to the Shanghai Stock Exchange (SSE) data centre, and supported by local engineering and data centre management expertise, the new enterprise will initially provide proximity hosting and fulfilment services in Shanghai and Shenzhen for non-exchange members looking to access the Chinese market, as well as market data via its colocation facility in the Hong Kong Exchanges & Clearing (HKEX) data centre.
This marks the latest chapter of Pico’s growth in the APAC region, following new colocations in Taiwan and the Republic of Korea in 2020, and further expansion in Japan, where the company now offers ultra-low latency access to the Japanese stock exchanges’ JPX colocation ecosystem. Pico has also added market data from the Shanghai and Shenzhen stock exchanges to its market coverage.
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