Nomura expands Pico relationship to accelerate growth of global FX and rates businesses
Nomura, Asia’s global investment bank, has selected Pico, a provider of technology services for the financial markets community globally, to build, host and manage a new platform supporting its latest 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,” says 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.
“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, says: “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.
“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.”