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

A-Team Insight Blogs

Pico Pushes into HKEX, Plans to Add a Further 20 Data Centres in Next 18 Months

Subscribe to our newsletter

 Pico, a provider of infrastructure, connectivity, data and cloud technology, continues to fulfil its global expansion plan with the addition of a colocation facility and direct connectivity to the hosting services data centre of Hong Kong Exchanges and Clearing (HKEX).

The HKEX services support Pico’s expansion in Asian market centres including Tokyo and Singapore. The company plans to open a further 20 data centres in the next 18 months, in countries including Australia, China, India, South Korea and Taiwan. These will add to 30+ existing locations worldwide. Pico founder and CEO Jarrod Yuster says the deal with HKEX positions the company well for further global expansion.

HKEX is one of the world’s major exchange groups and operates a range of equities, commodities, fixed income and currency markets. It is a world leading IPO market and, as Hong Kong’s only securities and derivatives exchange, offers regional and international investors access to Asia’s most vibrant markets. The group is also a global leader in metals trading through wholly-owned subsidiaries the London Metal Exchange (LME) and LME Clear. In 2016, LME selected Pico to provide connectivity to LMESelect, LME’s electronic member-to-member trading system.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

WFE Signals Extended Trading Hours Feasible, but Warns Settlement Systems Must Catch Up

The World Federation of Exchanges (WFE) has published new research concluding that extended trading hours, including near round-the-clock markets, are technologically feasible, but their long-term sustainability depends on coordinated reform across clearing, settlement and payment infrastructure. In Extending Exchange Trading Hours, the WFE examines proposals from major U.S. exchanges to expand equity trading toward 22-...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...