eSpeed to Deploy InfoDyne TPS+Plus Ticker Plant & Middleware2 for Equities Order Book Data
Chicago, June 20, 2005 – InfoDyne Corporation, a leading provider of exchange feed ticker plant technology, today announced that eSpeed, Inc., a leading developer of electronic marketplaces and trading technology for the global capital markets, is planning to use InfoDyne’s TPS+Plus ticker plant software and Middleware2 technology to deliver live consolidated order books to users of eSpeed’s direct market access (DMA) service. eSpeed will use InfoDyne’s new Java API to integrate their client DMA application with InfoDyne’s ticker plant system.
The system will be hosted in a commercial data center and will be managed by InfoDyne through its Managed Service Program. eSpeed users will access the ticker plant via the Internet or direct connection.
“InfoDyne’s consolidated order book functionality and direct exchange feed technology have allowed eSpeed to simplify desktop application programming and achieve significantly faster throughput,” said Dan Windram, eSpeed Vice President of Equities Technology.
“We are very pleased that eSpeed has chosen InfoDyne technology as part of their market data infrastructure. We look forward to working closely with the eSpeed team and are committed to providing high performance solutions that will meet their evolving business and technical requirements,” said Dan Reinmund, InfoDyne Senior Vice President of Sales.
About eSpeed, Inc.
eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets, including the world's largest government bond markets and other fixed income and equities marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading at the world's largest fixed income and foreign exchange trading firms and major exchanges. To learn more, please visit
www.espeed.com
The information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to, the effects of the attacks on the World Trade Center on September 11, 2001, the costs and expenses of developing, maintaining and protecting our intellectual property, including judgments or settlements paid or received and their related costs, the possibility of future losses and negative cash flow from operations, the effect of market conditions, including trading volume and volatility, our pricing strategy and that of our competitors, our ability to develop new products and services, to enter new markets, to secure and maintain market share, to enter into marketing and strategic alliances, to hire new personnel, to expand the use of our electronic system, to induce clients to use our marketplaces and services and to effectively manage any growth we achieve, whether our offer is accepted in the form proposed and, if accepted, whether the transaction will close, and other factors that are discussed under "Risk Factors" in eSpeed's Annual Report on Form 10-K filed with the Securities and Exchange Commission. We believe that all forward-looking statements are based upon reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, you should not place undue reliance on these statements. Forward-looking statements speak only as of the date when made, and we undertake no obligation to update these statements in light of subsequent events or developments. Actual results and outcomes may differ materially from anticipated results or outcomes discussed in forward-looking statements.
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 enterprise
TM”, 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.