Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Jarrod Yuster, Pico

30582

Pico launches new co-lo facility and direct connectivity to Hong Kong Exchanges and Clearing

RELATED TOPICS​

Pico, an infrastructure, connectivity, data and cloud technology provider to the global financial services community, has launched a new colocation facility and direct connectivity to the Hosting Services Data Centre of Hong Kong Exchanges and Clearing Limited (HKEX).

HKEX is one of the world’s major exchange groups, and operates a range of equities, commodities, fixed income and currency markets. HKEX is the world’s leading IPO market and, as Hong Kong’s only securities and derivatives exchange, is uniquely positioned to offer regional and international investors access to Asia’s most vibrant markets.

HKEX is also the global leader in metals trading through wholly owned subsidiaries, the London Metal Exchange (LME) and LME Clear Limited.  In 2016, LME selected Pico to provide connectivity to LMESelect, LME’s electronic member-to-member trading system.    

“We are well-positioned to continue our global buildout through this relationship with HKEX, one of Asia’s premier gateways to the world’s markets,” says Pico founder and Chief Executive Officer Jarrod Yuster (pictured). “Our best-in-class technology and services give participants cost-effective access to this marketplace with accelerated time-to-market and follow-the-sun support.”

Becoming a member of HKEX’s hosting services demonstrates Pico’s continued rapid expansion into the major Asian market centres, including Tokyo and Singapore. Pico plans to launch 20 new data centres in the next 18 months, including Australia, China, India, South Korea and Taiwan to complement Pico’s existing 30-plus locations worldwide. 

“We welcome Pico to join our data centre, where our market participants can access an array of information, technology and network service providers in a secure environment,” says Andy Lee, Head of Hosting Services, HKEX.

Latest News

DWS has announced the latest development in its strategic growth push in Alternative Credit with..
According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by