21
Fri, Jun
3 New Articles

IBM Acquires InfoDyne

Mergers / Acquisitions
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

IBM has announced it has acquired InfoDyne Corp., a privately held software company based in Park Ridge, Ill. InfoDyne is a leader in high-speed platforms and data feed connectors. When combined with IBM's WebSphere technology it is expected to help clients extend transactional integrity to low-latency environments. Financial details were not disclosed.

InfoDyne provides software that is designed to enable today's highly competitive trading firms and other venues to process exploding data volumes at microsecond response rates. InfoDyne's market data delivery platform and rich feed handler portfolio take data from hundreds of sources and deliver it in a standardized format, helping customers to control escalating data feed costs.

"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," said 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."

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.

Despite this six-fold increase in data volume, today's traders insist that their information technology (IT) infrastructure provide nearly instantaneous execution speeds and data flow. These low-latency environments are constantly monitored to ensure that the raw data and analytics required to support the trading desks are delivered quickly and reliably. Market data is the fuel for these environments, and firms are demanding high-speed systems that can complete all components of a complex evaluation and potential transaction in a millisecond or faster.

Algorithmic and model-driven trading is now being applied far beyond just equities, encompassing multiple asset classes including FX, fixed income, commodities, and over-the-counter (OTC) derivatives, in addition to complex cross asset class trading. Because the failure of any single trade component directly affects the overall trading position, the pressure to have connectivity and systems that are fast enough to complete the end-to-end process across all components of the trade lifecycle is immense. The percentage of fills per order has become a key factor in assessing potential profitability and latency for institutions who wish to remain competitive.

In this environment, systems and software not only need the ability to process millions of messages per second from multiple feeds in microseconds, but also require interoperability with a firm's middle- and back-office applications. The integration of InfoDyne's extensive feed handler capabilities and data platform with IBM's messaging and middleware portfolio allows financial firms to digest the enormous amount of data available and use it to their advantage.

"InfoDyne was founded on the principle of using technology to ensure zero tolerance for latency and has developed a platform and supporting software and services specifically designed to provide a competitive advantage to market traders," said Guy Tagliavia, CEO, InfoDyne Corp. "The combination of InfoDyne and IBM will result in one of the most powerful software and services offerings for market traders in the financial services industry."

InfoDyne complements IBM's broad set of software products for the financial markets industry, for example, WebSphere Front Office for Financial Markets, WebSphere MQ Low Latency, and WebSphere DataPower appliances. Together, the IBM and InfoDyne offerings provide a high-speed market data delivery platform designed to help accelerate the speed and increase the throughput and reliability of financial data transmission. Additionally, WebSphere eXtreme Scale provides an in-memory grid across multiple servers with transactional integrity, transparent fail-over, and constant response times.

The acquisition of InfoDyne further supports IBM's strategy for offering a comprehensive portfolio of industry-focused software for real-time needs, as underscored by the company's recent purchase of AptSoft technology and acquisition of Solid Information Technology in January 2008. AptSoft's technology, which is part of IBM's WebSphere Business Events software, supports event processing and business applications such as algorithmic trading. Solid Information Technology software provides real-time information access, using an in-memory database, and persistence support for applications requiring high throughput.

Combined with InfoDyne, IBM now offers a comprehensive software portfolio to address the need for real-time and ultra-high speed data delivery and consumption.

InfoDyne products will become part of the IBM Software Group WebSphere software brand. For more information about IBM and its approach to latency, visit http://ibm.com/financialmarkets/fasterdata. For more information about InfoDyne, visit http://www.infodyne.com/.

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.

For more information, visit: www.ibm.com.

BLOG COMMENTS POWERED BY DISQUS

LATEST COMMENTS

Support MC Press Online

$0.00 Raised:
$

Book Reviews

Resource Center

  • SB Profound WC 5536 Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application. You can find Part 1 here. In Part 2 of our free Node.js Webinar Series, Brian May teaches you the different tooling options available for writing code, debugging, and using Git for version control. Brian will briefly discuss the different tools available, and demonstrate his preferred setup for Node development on IBM i or any platform. Attend this webinar to learn:

  • SB Profound WP 5539More than ever, there is a demand for IT to deliver innovation. Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects. The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the company are not aligned with the current IT environment.

  • SB HelpSystems ROBOT Generic IBM announced the E1080 servers using the latest Power10 processor in September 2021. The most powerful processor from IBM to date, Power10 is designed to handle the demands of doing business in today’s high-tech atmosphere, including running cloud applications, supporting big data, and managing AI workloads. But what does Power10 mean for your data center? In this recorded webinar, IBMers Dan Sundt and Dylan Boday join IBM Power Champion Tom Huntington for a discussion on why Power10 technology is the right strategic investment if you run IBM i, AIX, or Linux. In this action-packed hour, Tom will share trends from the IBM i and AIX user communities while Dan and Dylan dive into the tech specs for key hardware, including:

  • Magic MarkTRY the one package that solves all your document design and printing challenges on all your platforms. Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product. Make sure your data survives when catastrophe hits. Request your trial now!  Request Now.

  • SB HelpSystems ROBOT GenericForms of ransomware has been around for over 30 years, and with more and more organizations suffering attacks each year, it continues to endure. What has made ransomware such a durable threat and what is the best way to combat it? In order to prevent ransomware, organizations must first understand how it works.

  • SB HelpSystems ROBOT GenericIT security is a top priority for businesses around the world, but most IBM i pros don’t know where to begin—and most cybersecurity experts don’t know IBM i. In this session, Robin Tatam explores the business impact of lax IBM i security, the top vulnerabilities putting IBM i at risk, and the steps you can take to protect your organization. If you’re looking to avoid unexpected downtime or corrupted data, you don’t want to miss this session.

  • SB HelpSystems ROBOT GenericCan you trust all of your users all of the time? A typical end user receives 16 malicious emails each month, but only 17 percent of these phishing campaigns are reported to IT. Once an attack is underway, most organizations won’t discover the breach until six months later. A staggering amount of damage can occur in that time. Despite these risks, 93 percent of organizations are leaving their IBM i systems vulnerable to cybercrime. In this on-demand webinar, IBM i security experts Robin Tatam and Sandi Moore will reveal:

  • FORTRA Disaster protection is vital to every business. Yet, it often consists of patched together procedures that are prone to error. From automatic backups to data encryption to media management, Robot automates the routine (yet often complex) tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:

  • FORTRAManaging messages on your IBM i can be more than a full-time job if you have to do it manually. Messages need a response and resources must be monitored—often over multiple systems and across platforms. How can you be sure you won’t miss important system events? Automate your message center with the Robot Message Management Solution. Key features include:

  • FORTRAThe thought of printing, distributing, and storing iSeries reports manually may reduce you to tears. Paper and labor costs associated with report generation can spiral out of control. Mountains of paper threaten to swamp your files. Robot automates report bursting, distribution, bundling, and archiving, and offers secure, selective online report viewing. Manage your reports with the Robot Report Management Solution. Key features include:

  • FORTRAFor over 30 years, Robot has been a leader in systems management for IBM i. With batch job creation and scheduling at its core, the Robot Job Scheduling Solution reduces the opportunity for human error and helps you maintain service levels, automating even the biggest, most complex runbooks. Manage your job schedule with the Robot Job Scheduling Solution. Key features include:

  • LANSA Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.

  • LANSAWhen it comes to creating your business applications, there are hundreds of coding platforms and programming languages to choose from. These options range from very complex traditional programming languages to Low-Code platforms where sometimes no traditional coding experience is needed. Download our whitepaper, The Power of Writing Code in a Low-Code Solution, and:

  • LANSASupply Chain is becoming increasingly complex and unpredictable. From raw materials for manufacturing to food supply chains, the journey from source to production to delivery to consumers is marred with inefficiencies, manual processes, shortages, recalls, counterfeits, and scandals. In this webinar, we discuss how:

  • The MC Resource Centers bring you the widest selection of white papers, trial software, and on-demand webcasts for you to choose from. >> Review the list of White Papers, Trial Software or On-Demand Webcast at the MC Press Resource Center. >> Add the items to yru Cart and complet he checkout process and submit

  • Profound Logic Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application.

  • SB Profound WC 5536Join us for this hour-long webcast that will explore:

  • Fortra IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn: