An interesting win for Pico, which has been selected by Nomura to build, host and manage a new platform supporting its latest innovation programmes in foreign exchange (FX) and rates trading businesses. The Nomura FX trading platform is colocated in data centres based in New Jersey (NY4), London (LD4) and Tokyo (TY3). With more efficient processing, Nomura’s clients will benefit from faster transaction times.
Tom Palmer, Nomura head of e-trading strategy for FX, says: “In today’s disparate FX markets there are an increasingly large number of liquidity providers that the market can turn to. Our investment in infrastructure from Pico shows our continued commitment to the market and Pico’s expertise in this area has given us confidence to actively expand our business.”
The win fits well with Pico’s global expansion plans that have recently focused on Asia Pacific. Roland Hamann, managing director at Pico and based in Singapore, says: “Our experience in supporting operationally complex global FX platforms and financial markets specialist networks allows us to ease many of the challenges that come with managing a market presence. Nomura’s selection of Pico is testament to our capabilities in delivering business-critical trading environments, our best-of-breed technology portfolio and our strategy of being comprehensive everywhere through a global footprint recently bolstered by our APAC expansion.”