Africa Biz Construction and Business News
Financial Infrastructure Firm Pico Now Connects to the Johannesburg Stock Exchange
June 5, 2018
Pico, a financial infrastructure and technology hosting company based in the United Kingdom, is now officially connected to the Johannesburg Stock Exchange (JSE) in Johannesburg, South Africa.
As of May 2018, Pico is now connected to Africa's largest and fastest exchange in Johannesburg, offering a unique market opportunity to its clients with direct connectivity to the Johannesburg Stock Exchange (JSE) via low latency, resilient and entirely diverse connectivity from London, as well as local colocation services in South Africa.
Looking for a highly performant and trusted vendor, the company's clients asked Pico to provide the most reliable access in the market to JSE's trading engine. This was accomplished by expanding the company's proprietary network, PicoNet, to Johannesburg.
Pico's clients now have the flexibility to connect directly to JSE via a Pico Point of Presence (PoP) in London or to enjoy the benefits of an ultra-low latency profile by colocating directly with Pico in the JSE datacenter in Sandton, Johannesburg. Whether native market data delivery or a completely managed end-to-end service, Pico offers clients the flexibility of multiple options to meet client needs. By colocating, Pico also supports local broker connectivity in the JSE facility for non-locally based firms; and for those firms with South African entities, we offer order routing capabilities directly into the JSE matching engine.
"Time and time again, electronic trading firms look to Pico to provide the best infrastructure and network connections available in the market. We saw this as an opportunity to create a new standard of excellence in trading at the JSE and are thrilled to be a premier International Service Provider to the Johannesburg Stock Exchange. It's a natural extension for Pico and the cornerstone for additional international expansion in the year to come," said Anne Petersen, Global Head of Sales.
"Clients demand faster execution speeds and the lowest-latency available to ensure enhanced responses to market movements and deployment of their trading strategies. Connecting to the JSE's colocation facility allows for seamless access to the continent's leading exchange. The international demand to trade the SA markets is constantly increasing and we are delighted to have such a high caliber infrastructure service provider such as Pico come into our market. We are sure they will have a meaningful impact by assisting the international community in trading our markets through their robust, secure and latency sensitive network," said Donna Nemer, Director Capital Markets at the JSE.