CHICAGO, October 10, 2007 — Trading Technologies International, Inc. (TT) announced that a jury in the United States Northern District of Illinois found that eSpeed, Inc., eSpeed International, LTD and Ecco Ware, LTD willfully infringed on TT’s patents related to its MD Trader® product, the order-entry screen incorporated in TT's X_TRADER® trading software. The jury, unanimous on all counts in favor of TT, awarded $3,500,000 in damages to TT. 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. X_TRADER 7.4, the current version of TT’s high performance trading platform, was named "Innovation of the Year" by FOW magazine in June 2007. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Geneva, 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. |
Ray Carmichael
Vivid Ascent
312.346.2002
ray@vividascent.com
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