InfoDyne Expands TPS+Plus Ticker Plant to Provide Support for NASDAQ OrderView Data Feeds
Chicago, June 22, 2005 – InfoDyne Corporation, a leading provider of direct exchange feed ticker plant technology, today announced expansion of its TPS+Plus product line to include support for the NASDAQ OrderView® data feed.
Although not scheduled to enter production until August, the demand for NASDAQ’s OrderView® is such that potential subscribers are preparing their technical infrastructure in anticipation of the feed’s release. As stated by NASDAQ, OrderView® is designed to provide TotalView information in a manner better suited for automated trading operations, at reduced bandwidth utilization rates and lower latencies.
InfoDyne has implemented OrderView, as an alternative to the TotalView service, within its Consolidated Order Book Server which also provides support for the ArcaEx, INET, and BRUT order book feeds. Key features of the Consolidated Order Book Server include flexible data models and the ability to publish data in multiple ways including: fully aggregated market size at each price, partial aggregation showing aggregate size at price in each market center, or consolidation without aggregation. Users of older market data distribution systems can choose to view the top-n price levels for a given book, while those supporting more advanced data models, such as InfoDyne’s TPS+Plus Middleware2, can also see dynamic spreadsheet-like grids containing full depth of book information.
Underscoring the difference between simple “feed handlers” and other “appliances”, the OrderView® implementation within TPS+Plus provides for:
- Data Normalization to a common set of data models across all sources, so that applications don’t have to know about differences between data sources.
- Current Cache to ensure that the current values for every instrument are available on-demand.
- Value Added Fields calculated in real-time. Examples include: accumulated volume, highs, lows, opens, closes, net change, VWAP, etc.
- Data Blending to ensure that data from the exchanges can be supplemented within the servers by data from other sources, such as fundamental and reference information. Applications see a single record with all the fields they need.
- Single Namespace combines all feeds into a single virtual service to shield applications and users from having to know which feed supplies a particular instrument.
- Service Scaling allowing for the partitioning of processing among multiple server instances ensuring full throughput, the lowest possible latency, and unlimited capacity.
- Managed Services provided through multiple monitoring capabilities accessible through a common administrative interface that can be operated locally and/or remotely in combination with InfoDyne’s Managed Service Offering.
- Enterprise Gateways to seamlessly interconnect multiple market data environments (InfoDyne Middleware2, Reuters® Triarch, TIB, and/or RMDS).
- Multiple Operating Systems including support for Sun® Solaris, Linux, and Microsoft® XP.
“While it may be unusual to see such demand for a data feed that has yet to be released, the industry’s reaction to OrderView® underscores the now standard reliance on direct exchange feeds to reduce data latency and power trading applications. At InfoDyne, we remain committed to delivering low latency solutions to our customers and to giving them access to whatever data sources they require,” said Dan Reinmund, Senior Vice President for Sales at InfoDyne.
About InfoDyne
InfoDyne Corporation (www.infodyne.com) has been a provider of market leading enterprise products and solutions to the financial marketplace for over 12 years. With a commitment to “encapsulate your enterpriseTM”, InfoDyne delivers ticker plant, straight through processing, and object-based middleware technology — solutions that offer a quantifiable market advantage, a reduced cost of ownership, and a high rate of return.
InfoDyne’s TPS+Plus™ ticker plant system integrates direct exchange, ECN, and consolidated feeds, including all North American and most major global exchange feeds, to provide dramatically faster data delivery than traditional market data consolidators, and, at a significantly lower cost. InfoDyne’s STP+Plus™ solution offers direct trade and order routing to major exchanges, and other trading partners.All InfoDyne products are compatible with the leading client site system solutions currently in the market, including InfoDyne’s own object-based Middleware2 technology.InfoDyne’s TPS+Plus™, STP+Plus™, and Middleware2 system solutions are deployed on-site within a customer’s own data center or as a fully managed service at a shared data center facility.
For additional information please contact:
InfoDyne Corporation
(847) 759-1000
Toll Free 866-954-590