Pico to interconnect all financial markets in APAC, through its connectivity presence and on-net offering
NEW YORK, Aug. 13, 2020 (GLOBE NEWSWIRE) — Pico, a leading provider of technology services for the financial markets community, today announced a new managed colocation facility at Chunghwa Telecom’s CHT Taipei IDC in Banqiao, New Taipei City. Pico is providing its own local Intellihands service in CHT Taipei IDC as well as for the Taiwan Stock Exchange (TWSE) data center. Connectivity to TWSE, Taiwan Futures Exchange (TAIFEX), and the Taipei Exchange (TPEx) will be offered in the future to clients hosting in CHT Taipei IDC.
In March 2020, 24-hour continuous trading on Taiwan’s stock market came into effect, replacing the call auction trading method. Pico responded by introducing the new Taiwan colocation facility that will support firms to achieve agile, efficient and rapid access to Taiwan’s markets. Located within 100 meters of the TWSE / TAIFEX data center, the facility ensures the shortest, lowest-latency connections to the trading engines.
Coinciding with 24-hour continuous trading, TAIFEX introduced a real-time market data feed, which distributes bids, offers and traded prices on occurrence, allowing market participants to discover real-time pricing and strengthen their ability to deploy global trading strategies that involve trading between Taiwan’s futures and cash markets. Pico plans to offer dedicated or shared infrastructure options as well as hosting services, tailored technology