Pico enters middle east with Saudi Exchange Company colocation

By Delisha Fernandes

Pico, a provider of technology services, software, data and analytics, announced the continued global expansion of services into the Middle East, launching managed colocation services at Saudi Exchange Company.

The Saudi Exchange Company expansion is a strategic move for Pico as the Middle East emerges as a significant financial hub with growing demand for advanced electronic trading infrastructure and connectivity. Pico’s ultra-low latency capabilities have been recognised across trading locations globally and will support clients to access this growing liquid venue and market ecosystem.

Clients can use PicoNet to manage colocation environments with potential options to consume raw real-time and comprehensive, resilient tick data solutions. With a local presence now live in Riyadh, Pico can accelerate time to market for clients interested in technology, connectivity, and other related services.

“We are excited to enter the Middle East market with our cutting-edge technology and services at Saudi Exchange Company,” said Marc Hineman, Chief Operating Officer, Pico. “Our expansion aligns with our commitment to deliver the best possible trading infrastructure and connectivity for our clients to serve their need for globally comprehensive coverage of financial markets. We are confident that our access to local expertise and support will help them navigate regional markets.”

The addition of Saudi Exchange Company to Pico’s global footprint is a testament to the company’s continuing growth and dedication to serving the financial markets community across all regions.

With access to local on-site engineering and data centre management expertise, Pico now offers comprehensive connectivity and venue presence in many locations across Asia Pacific, Europe, the Americas, and the Middle East, solidifying its position as a leading global connectivity provider in the financial industry.