IBM has acquired privately-held InfoDyne Corporation which provides software that enables trading firms to process high volumes of market data in microseconds. Financial terms and conditions of the deal were not disclosed.
Illinois-based InfoDyne provides a market data delivery platform and feed handler portfolio that is designed to take data from hundreds of sources and deliver it in a standardised format.
IBM says it will combine InfoDyne's platforms and data feed connectors with its WebSphere technology to help financial services clients manage the escalating data volumes resulting from the rapid growth of electronic and algorithmic trading.
The combined technology will provide a high-speed market data delivery platform designed to help accelerate the speed and increase the throughput and reliability of financial data transmission.
"IBM is working with the world's top financial firms on both the buy-side and sell-side, and with infrastructure providers and regulators, to help them adapt to the escalating volume and speed demanded by an increasingly automated and globally-integrated industry," says Tom Rosamilia, general manager, IBM WebSphere. "The addition of InfoDyne's capabilities strengthens IBM's product portfolio in providing an exchange-neutral platform, with high-speed connectivity that gives firms faster access to market data, accelerates their ability to execute and complete trades, and enhances the flexibility required to comply with both current and future regulations."
IBM says the acquisition of InfoDyne further supports its strategy for offering a portfolio of "industry-focused software for real-time needs". In Janaury the group bought AptSoft, a developer of software that supports event processing and business applications such as algorithmic trading.