Pico to open Hyderabad capability center
Fintech Pico plans a Global Capability Center in Hyderabad to tap local talent, infrastructure and lower costs for supporting low‑latency financial markets technology. The move was presented as a way to scale engineering and operational capacity for market-facing fintech systems. (x.com)
Pico, a New York financial-markets technology company, plans to open a Global Capability Center in Hyderabad, Telangana industry minister D. Sridhar Babu said on April 11. (youtube.com) Pico sells the plumbing for electronic trading: network links, market data, analytics and data-center services used by banks, hedge funds and exchanges. The company says it connects clients to more than 900 exchange and venue products and runs infrastructure in more than 55 financial data centers. (pico.net, pico.net) The Hyderabad center is meant to add engineering and operations capacity for those systems, which have to stay fast and available around the clock for trading firms. Pico says its client support already runs on a 24-hour “follow the sun” model across regions. (youtube.com, pico.net) A Global Capability Center is a company-owned offshore hub that handles work such as software engineering, operations, data, finance or research for the parent company. Nasscom says companies use these centers for talent access, cost optimization, business continuity and innovation. (nasscom.in) Hyderabad has been pitching exactly that mix. A Telangana government statement reported that the city attracted 27 Global Capability Centers in the first six months of 2025, while state officials have been preparing a dedicated policy to bring in more. (thehindu.com) The city’s appeal is not only lower cost. Nasscom’s Telangana playbook points to Hyderabad’s engineering talent, Special Economic Zones, airport connectivity, and TS-iPASS single-window approvals as selling points for multinationals setting up new captive centers. (nasscom.in) For Pico, the move fits a broader expansion push as trading infrastructure stretches across more venues and longer market hours. On February 4, 2026, the company said it was expanding venue coverage as markets move toward 24/7 trading and low-latency access to liquidity. (pico.net) Pico has been building out its global footprint for years. In an earlier Asia-Pacific expansion update, the company said extra offices and regional capacity would help it support clients across asset classes, regions and time zones. (pico.net) Neither Pico’s website nor the minister’s public remarks, as available online on April 13, listed headcount, investment size or an opening date for the Hyderabad center. The next signal will be whether Pico files a formal announcement with those details. (pico.net, youtube.com)
