UOB Kay Hian Selects Pico to Deliver its Singapore-Based Next-Generation Trading Platform
Pico, a leading provider of technology services for the financial markets community, has announced that it has been selected by one of Asia’s largest brokerage firms, UOB Kay Hian, to provide managed services and support for its new trading platform.
In a complex and evolving trading environment, with economic and geopolitical uncertainty fuelling extreme market volatility, traders are increasingly looking to diversify their investment strategies and seeking brokers that provide a broad portfolio of investment solutions. UOB Kay Hian is a stalwart in the securities trading and investments for the Asian financial markets and is committed to evolving its trading technology to maintain its strong competitive advantage, Pico said in a press release.
UOB Kay Hian joins the growing number of leading banks, exchanges, asset managers, and trading firms enlisting Pico in the APAC region to achieve a next-generation environment to more rapidly, and cost-effectively, deliver differentiating functionality to clients.
Desmond Yeo, Director, UOB Kay Hian, said: “We are committed to supporting clients with the leading-edge tools required to make the fastest and smartest trades. Pico rapidly deployed a tailored platform for trading execution in the heart of Singapore’s liquidity hub that is engineered for seamless coordination of trading and risk strategies. In addition to lowering our OpEx, partnering with Pico has freed us to focus on optimizing our trading strategies and business operations.”
Roland Hamann, Managing Director, Pico, said: “As volatility fuels the demands for high performance solutions, traders are gravitating towards established market leaders like UOB Kay Hian. We are delighted to partner with UOB Kay Hian and provide state-of-the-art infrastructure and connectivity to help maintain their competitive edge.”
With the most comprehensive global footprint, local support and capabilities to connect to liquidity providers across the financial markets, Pico works with firms as a specialist partner to design, build, host and manage their electronic trading infrastructure.
Pico connects to liquidity providers via PicoNet, a private ultra-low latency, resilient and comprehensive proprietary network mesh with the fastest path connections between on-net co-location sites. This provides access to the richest market data feeds from venues around the globe delivered over the fastest available circuits, continuously monitored and managed by Pico’s unrivaled engineering experts, in-house teams and the best-in-class Corvil Analytics network monitoring solution. In addition clients are benefiting from Pico’s high precision timing solution that is available in these locations.
Pico’s strong technical excellence, SOC 2 certification and upcoming Outsourced Service Provider's Audit Report (OSPAR) compliance are ensuring the highest standards are met and our commitment to providing the standards financial services solutions demand.