NEW YORK, Dec. 08, 2021 (GLOBE NEWSWIRE) — Pico, a number one supplier of mission vital know-how, knowledge and analytic companies for the monetary markets neighborhood, has additional invested in its managed colocation facility at Japan Exchange Group, Inc. (JPX), launching shared managed internet hosting with ultra-low latency connectivity to Tokyo Stock Exchange (TSE), Tokyo Commodity Exchange (TOCOM) and Osaka Exchange (OSE).
Japan is amongst one of many many international buying and selling areas the place Pico affords its ultra-low latency answer that helps purchasers with latency-sensitive buying and selling methods that require extremely correct views of the market and quicker execution occasions. Utilizing high-performance Layer 1 switching know-how, Pico can obtain greater than 80 p.c discount in spherical journey latency. The answer is supported by Pico’s international engineering experience and is instrumented with its best-in-class Corvil Analytics , assuring operational efficiency and transparency. In JPX, Pico can now provide ultra-low latency JPX group market knowledge supply with a latency as little as 5ns.
Pico’s JPX colocation infrastructure is linked to PicoWeb™, its resilient proprietary international community offering connectivity to JPX from different knowledge middle areas on PicoWeb™ in APAC, in addition to in Europe and the Americas. Pico is a licensed distributor of uncooked and normalized TSE, OSE and TOCOM market knowledge and also will present uncooked historic knowledge, a complete and resilient tick knowledge answer captured at supply in native alternate format.
“The JPX ecosystem continues to draw curiosity from purchasers, and we’re happy to construct on the success we’ve got established with our current companies in Japan via this extra shared internet hosting possibility,” stated Roland Hamann, Chief Technology Officer & Head of APAC at Pico. “The funding will allow a wider variety of purchasers to enter this market with the advantages of quick and dependable connectivity, operational excellence and decrease upfront prices. In addition, our native workers and experience will assist purchasers familiarize themselves with the Japanese markets quicker.”
Pico has constructed a complete Asia Pacific (APAC) providing and, in 2021, added Australia (ALC, SY2), and China (SSE, SZSE) to its international footprint. With help from native on-site engineering and knowledge middle administration experience, Pico now serves digital buying and selling contributors throughout the APAC area, with complete connectivity and venue presence spanning Singapore (SGX, SG1, SG3), Hong Kong (HKEx, HK5), Japan (JPX, CC2, TY3), the Republic of Korea (KTY, BUSAN) and Taiwan (TWSE, BQ). Further, Pico’s efficiency, innovation and achievements within the area have been acknowledged via the “Connectivity Provider of the Year” award within the FOW and Global Investor Asia Capital Market Awards 2021.
On August 4, 2021, Pico introduced that it had entered right into a definitive settlement for a enterprise mixture with FTAC Athena Acquisition Corp. (Nasdaq: FTAA), a particular objective acquisition firm. Upon closing of the transaction, the mixed firm will function as Pico. The transaction displays a professional forma enterprise worth for the mixed firm of roughly $1.4 billion. The enterprise mixture, which has been unanimously permitted by the boards of administrators of each Pico and FTAC Athena, is focused to shut in early 2022, topic to stockholder approvals and different customary closing situations.
Notes to the editor
 Source: Info-tech Research Group Network Monitoring Industry Scorecard 2020.
Pico is a number one supplier of know-how companies for the monetary markets neighborhood. Pico offers a best-in-class portfolio of progressive, clear, low-latency markets options coupled with an agile and knowledgeable service supply mannequin. Instant entry to monetary markets is offered through PicoWeb™, a globally complete community platform instrumented natively with Corvil analytics and telemetry. Clients select Pico when they need the liberty to maneuver quick and create an operational edge within the fast-paced world of economic markets.
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