A-Team Insight Blogs

Pico Adds Japan Market Access, Plans Further APAC Expansion

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.”

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

Gresham Technologies Agrees to Acquire Electra Information Systems

London-based Gresham Technologies is acquiring New York-based post-trade automation specialist Electra Information Systems, in a cash deal valued at up to $38.6 million. The acquisition, which follows Gresham’s purchase of Inforalgo Information Technology last summer, will boost Gresham’s physical presence in the US, double its customer numbers to over 270, and strengthen its cloud and...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...