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NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) — Pico, a leading provider of mission-critical technology, data and analytic services for the financial markets community, continues to invest in its managed colocation facility at Japan Exchange Group, Inc. (JPX), now supporting the newly launched Layer 1 network solution. The network architecture from the exchange supports ultra-low latency Layer 1 connectivity to the Tokyo Stock Exchange (TSE), Tokyo Commodity Exchange (TOCOM) and Osaka Exchange (OSE).
Japan is one of many global trading locations where Pico provides ultra-low latency solutions, supporting clients with latency-sensitive trading strategies that require highly accurate views of the market and fast execution times. Pico supports a Layer 1 network solution in the JPX data center, which can achieve more than an 80 percent reduction in round trip latency, and JPX Group market data delivery with a latency as low as 5 nanoseconds. This performance, combined with the 2-microsecond improvement offered by the exchange’s Layer 1 solution, makes the upgraded service essential for latency-sensitive clients.
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