The capital will be used by the firm to pursue M&A opportunities and to improve its data offering and market coverage.
The new solution will provide precision visibility into trade execution, helping participants make faster, more effective decisions.
The pair say the combined offering will reduce complexity by allowing trading firms to optimise market access and coverage and improve trading stack performance.
Brian Pomraning joins Pico as chief revenue officer after senior roles at ITG and JP Morgan.
Electronic trading veteran and former CEO of ITG Frank Troise is set to join Pico as co-CEO in June this year.
Pico to develop, host and manage new platform for Nomura's global FX and rates trading businesses.
Dublin-based Corvil is set to be acquired by Goldman Sachs-backed technology services provider Pico.