Nomura Expands Pico Relationship to Accelerate Growth of Global FX and Rates Businesses

Nomura Expands Pico Relationship to Accelerate Growth of Global FX and Rates Businesses
05.12.2019 04:55 am

Nomura Expands Pico Relationship to Accelerate Growth of Global FX and Rates Businesses

Trading Systems , Banking

 Nomura, Asia’s global investment bank, has selected Pico, a leading provider of technology services for the financial markets community globally, to build, host and manage a new platform supporting its latest innovation programs in foreign exchange (FX) and rates trading businesses.  

 

The Nomura FX trading platform is co-located in data centres based in New Jersey (NY4), London (LD4) and Tokyo (TY3). With more efficient processing, Nomura’s clients will benefit from faster transaction times.

 

“We’re very pleased to be working with Pico,” said Tom Palmer, Nomura Head of eTrading Strategy FX. “The use of technology is the backbone to enabling business with our customers. With every upgrade we are able to make we can be confident that our clients will see more competitive pricing and faster execution times. In today’s disparate FX markets there are an increasingly large number of liquidity providers that the FX market can turn to and our investment in the infrastructure from Pico shows our continued commitment to the market.”

 

He continued: “Pico’s expertise in this area has given us confidence to actively expand our business knowing that we are backed by world-leading engineering experts.”

 

Roland Hamann, Pico Managing Director, said: “Our experience in supporting operationally complex global FX platforms and financial markets specialist networks allows us to alleviate many of the challenges that come with managing a market presence.”

 

He added: “We are delighted Nomura has entrusted Pico as their global provider and this is testament to our strong capabilities in delivering business-critical trading environments, our best-of-breed technology portfolio and our strategy of being comprehensive everywhere through a global footprint recently bolstered by our APAC expansion.  These combined forces empower our clients to access markets faster and efficiently scale their business.”

 

Related News

DriveWealth Launches DriveHSA® to Support Health Savings Account (HSA) Industry

DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced the launch of a new Health... Read more »

BTON Financial partners with genesis to automate trading for asset managers

BTON Financial, the independent outsourced dealing desk for asset managers and genesis, the Low Code Application Platform for Capital Markets, are pleased to announce their... Read more »

TrueFX announces First Trades Completed on Platform

TrueFX, a purpose-built OTC market designed for the buy-side, has today announced it executed the first set of disclosed trades between counterparties on its network. The first... Read more »

New derivatives exchange to level the crypto playing-field

The rapidly expanding community of crypto derivatives traders stands to benefit from an industry-grade trading service with the launch of ZUBR, a new high-performance exchange... Read more »

DriveWealth Forges First Partnership in Middle East and North Africa Region with UAE-Based Wealthface

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a new partnership with ... Read more »

Aspire partners with GeTS in furthering fintech hub ambitions

In furthering Singapore as the fintech hub of Southeast Asia, Global eTrade Services (GeTS) has announced its partnership with Aspire, a Singapore-based startup with... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel