Nomura, Asia’s global investment bank, has selected Pico to build, host and manage a new platform supporting its programs in foreign exchange (FX) and rates trading businesses. The Nomura FX trading platform is co-located in data centers based in New Jersey (NY4), London (LD4) and Tokyo (TY3). With more efficient processing, Nomura’s clients will benefit from faster transaction times.
Tom Palmer, Nomura’s head of eTrading Strategy FX, said in a statement: “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.”
Roland Hamann, managing director at Pico, said in a statement: “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.”