NinjaTrader to License Trading Technologiesâ Patented MD Traderâ¢ Technology CHICAGO, July 14, 2005 â Trading Technologies International, Inc. (âTTâ) and NinjaTrader LLC (âNinjaâ), a leading developer of retail focused trading software, today announced that they reached an agreement under which Ninja will license TTâs patented MD Traderâ¢ technology and extend connectivity support for its advanced order management platform to TTâs ultra-high speed gateways. The agreement also settled a lawsuit pending in Federal Court in Chicago alleging that Ninja infringed TTâs U.S. Patent Nos. 6,766,304 and 6,772,132. The lawsuit was resolved today with the entry of a Consent Judgment finding infringement. Under the settlement agreement, Ninja admitted that its NinjaTrader SuperDOM trading screen infringes on TTâs patents and agreed that the patents are valid. Furthermore, TT granted Ninja a license under which it will pay to TT a variable royalty of at least $.10 per side for all contracts that trade in conjunction with the NinjaTrader SuperDOM trading screen. As part of the settlement, TT has absolved Ninja and Ninja customers of any past liability for infringement of TTâs patents . âWe believe the evidence has shown that TTâs issued MD Trader patents are solid. This invention has proven to be of great value to traders by providing a more efficient means to enter, modify and execute their orders. Ninja plans to continue to offer and enhance its NinjaTrader product and SuperDOM trading screen pursuant to the license. We are pleased to have reached an agreement with TT on the MD Trader patents and expect our business to continue to grow at an accelerated rate,â said Raymond Deux, CEO of NinjaTrader. âOur settlement with Ninja is another example of how TT seeks to proliferate the use of the concept behind MD Trader. Ninja has proven to be a leader in the retail space for futures traders by providing innovative features that add value to our MD Trader concept. I believe that the MD Trader concept has great value in that market and with the license, we expect Ninja to be able to help grow the use of the concept in the retail space,â said Harris Brumfield, CEO of TT.