Pico to open Hyderabad GCC
New York‑based fintech Pico plans to open a global capability center in Hyderabad to leverage local talent and lower latency infrastructure for financial‑market technology work. The move reflects cost‑and‑talent tradeoffs that fintechs use when expanding engineering and market‑ops footprints. (x.com)
Pico, a New York financial-markets technology company, plans to open a global capability center in Hyderabad through its Indian subsidiary. (newindianexpress.com) The plan surfaced after Pico representatives met Telangana Information Technology and Industries Minister D. Sridhar Babu and Roads and Buildings Minister Komatireddy Venkat Reddy at the state secretariat on April 11. (newindianexpress.com) Pico sells infrastructure, connectivity, market data and analytics to trading firms, banks and exchanges. The company says it serves more than 400 financial institutions from 19 offices and more than 55 data centers. (pico.net) In Pico’s business, speed is the product: its network and colocated servers are built to move market data and orders with very low delay across exchanges in the United States, Europe and Asia. Pico says its network reaches more than 300 market venues and its infrastructure is installed in over 55 financial data centers. (pico.net, pico.net) Hyderabad has been pitching itself as a global capability center hub for multinational companies that want engineering and operations teams in India. Sridhar Babu said the city is attracting these centers with skilled talent, infrastructure and lower office rents. (thehindu.com) The state government made the same case directly to Pico. Officials said Hyderabad’s infrastructure plans are being built for the next 20 years, not just the next five to 10, as they pressed the company to expand there. (thehansindia.com) Pico has been expanding elsewhere at the same time. In February 2026, it said it was adding new market venues across asset classes, and the company describes its platform as built for markets moving toward 24-hour, seven-day trading. (pico.net) A Hyderabad center would give Pico a larger base for the engineers and market-operations staff needed to keep that network running while it adds clients, exchanges and data feeds. The next step is whether the company turns the April 11 discussions into a formal India build-out. (newindianexpress.com, pico.net)
