FOR IMMEDIATE RELEASE

Trading Technologies and Refco/EasyScreen Settle Patent Dispute over MD Trader® Technology

CHICAGO, December 5, 2006 — Trading Technologies International, Inc. (TT) today announced it has reached a settlement agreement with Refco Group Ltd., LLC, Al Togut, the chapter 7 trustee of Refco, LLC, Refco EasySolutions, LLC, Refco Screens, Limited (formerly EasyScreen Ltd.) and other Refco related entities (collectively, "Refco"). The settlement resolves a lawsuit that was pending in the United States District Court for the Northern District of Illinois in Chicago prior to Refco's chapter 11 filing alleging that the defendants infringed TT’s U.S. Patent Nos. 6,766,304 and 6,772,132. The lawsuit was resolved with the entry of a Consent Judgment finding infringement and validity. As part of the settlement, Refco will pay to TT a settlement amount of $350,000 and TT will release Refco and its customers of any past liability for infringement of TT’s MD Trader patents.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. TTNET™, TT’s Application Service Provider (ASP)/hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London and Frankfurt. Additional data centers are planned for Tokyo and Singapore. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.