back Back

Pico enters middle east with Saudi Exchange Company colocation

By Delisha Fernandes

May 22, 2023

  • Analytics
  • Banking technology
  • colocation services
Share

PicoPico, a provider of technology services, software, data and analytics, announced the continued global expansion of services into the Middle East, launching managed colocation services at Saudi Exchange Company.

The Saudi Exchange Company expansion is a strategic move for Pico as the Middle East emerges as a significant financial hub with growing demand for advanced electronic trading infrastructure and connectivity. Pico’s ultra-low latency capabilities have been recognised across trading locations globally and will support clients to access this growing liquid venue and market ecosystem.

Clients can use PicoNet to manage colocation environments with potential options to consume raw real-time and comprehensive, resilient tick data solutions. With a local presence now live in Riyadh, Pico can accelerate time to market for clients interested in technology, connectivity, and other related services.

“We are excited to enter the Middle East market with our cutting-edge technology and services at Saudi Exchange Company,” said Marc Hineman, Chief Operating Officer, Pico. “Our expansion aligns with our commitment to deliver the best possible trading infrastructure and connectivity for our clients to serve their need for globally comprehensive coverage of financial markets. We are confident that our access to local expertise and support will help them navigate regional markets.”

The addition of Saudi Exchange Company to Pico’s global footprint is a testament to the company’s continuing growth and dedication to serving the financial markets community across all regions.

With access to local on-site engineering and data centre management expertise, Pico now offers comprehensive connectivity and venue presence in many locations across Asia Pacific, Europe, the Americas, and the Middle East, solidifying its position as a leading global connectivity provider in the financial industry.

Previous Article

May 22, 2023

Klarna and Airbnb partner to provide flexible payments for guests

Read More
Next Article

May 22, 2023

Temenos launches AI-driven Digital Mortgages solution to boost lending

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

Analytics

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

Today

SaaScada renews partnership with NEXA for financial reporting

Read More

Today

CoverGo launches CoverGo Distribution; an AI-led insurance platform

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023