The firm will support Nomura's FX trading platform, which is co-located in data centres based in New Jersey (NY4), London (LD4) and Tokyo (TY3).
Pico will expand its relationship with global investment bank Nomura to upgrade its foreign exchange (FX) infrastructure, the firm announced in a statement on Thursday.
The U.S.-based financial markets technology services provider will build, host and manage a new platform for Nomura that supports its latest innovation programs in FX and rates trading businesses, the statement said.
According to the firm, the upgrades will translate to more efficient processing, and Nomura clients will benefit from faster transaction times and more competitive pricing.
APAC Expansion
Following the opening of offices in Singapore and Tokyo in mid-2018, Pico announced in May 2019 continued expansion in Asia with new hires, additional offices, and an increased data centre presence in the region.
The firm said it has plans to add 20 more data centres within the next 18 months, including in China, Australia, South Korea and India, to complement its existing 30+ global locations.
