IBM takes to the trading floor

Roughly four billion shares are exchanged on the world's financial markets every day

IBM has added to its arsenal of software for financial traders with the acquisition of InfoDyne.

The privately-held firm specialises in software which aggregates and organises financial market data. Terms of the deal were not disclosed.

InfoDyne's products allow financial firms to obtain and manage market data at high speeds, allowing for more up-to-date information and faster transaction processing.

IBM plans to integrate InfoDyne into its WebSphere group, offering the software in combination with other financial management products.

The company hopes that the new package will allow customers to manage large numbers of transactions from multiple markets on a single platform.

"InfoDyne's capabilities strengthen IBM's product portfolio in providing an exchange-neutral platform with high-speed connectivity that gives firms faster access to market data," said Tom Rosamilia, general manager of IBM WebSphere.

"This accelerates their ability to execute and complete trades, and enhances the flexibility required to comply with current and future regulations."

IBM estimates that roughly four billion shares are exchanged on the world's financial markets every day, a six-fold increase in the past five years.

"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 InfoDyne chief executive Guy Tagliavia.

"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."