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Software Vendor Moves To Hedge Out Hedge Funds From Futures Trading

September 15, 2005


The software vendor, Trading Technologies, and its CEO, Harris Brumfield, have been aggressively enforcing two patents the company owns against futures traders by forcing companies to take licenses under the patents or face litigation.  Since the patents issued in late July and August of 2004, Trading Technologies has filed close to two dozen lawsuits in Federal Court in Chicago, Ill., and has announced a dozen more settlements resulting in licenses.