IBM has acquiredInfoDyne
Corporation, a privately held US software firm
specialising in high-speed data integration and delivery for
trading platforms.
InfoDyne provides software that is designed to enable trading
firms to process large data volumes at microsecond response rates,
said IBM.
InfoDyne's market data delivery platform takes data from
hundreds of sources and delivers it in a standardised format,
helping customers to control escalating data feed costs.
The
widespread adoption of electronic trading has driven
exponential growth in transaction and data volumes.
Today, an estimated four billion shares per day trade on the New
York Stock Exchange, Nasdaq and regional exchanges, six times the
volume on these same exchanges five years ago, said IBM.
Combined with IBM's current software portfolio, this acquisition
will allow IBM to help financial services companies track, consume
and react to changing market conditions in real-time, IBM said.
This is the 69th acquisition IBM has made over the past five
years. The value of the InfoDyne acquisition has not been
disclosed.