tradesports soon to offer XTRADER

Discussion in 'Financial Futures' started by marketsurfer, Jan 30, 2006.

    For TT For TEN
    Drew Mauck Mike Knesevitch,
    PMP Strategics Trade Exchange Network Limited
    312.346.2005 908.604.9423

    Trade Exchange Network Limited Licenses Trading Technologies' MD Trader™ Patents
    CHICAGO, January 23, 2006 - Trade Exchange Network Limited ("TEN"), parent of and, and Trading Technologies International, Inc. ("TT") today announced they have entered into a licensing agreement under which TEN will license TT's MD Trader patents. TEN, which has experienced 165% growth since its inception in 2000, will offer to its 60,000 members a trading interface that incorporates TT's patented MD Trader interface.

    "We are very excited to offer our international community of members a trading interface incorporating TT's MD Trader. It has been a significant factor contributing to the explosive volume growth on some of the world's most active futures and we are pleased to be offering it now from the world's most innovative platforms, and We believe that by offering this tool, we will significantly increase our members' trading efficiency and their volumes on our trading products," says John Delaney, CEO of Trade Exchange Network Limited.

    "We are excited to be licensing our MD Trader patents to Trade Exchange Network, a leader in binary option trading. We think that TT's MD Trader invention can help grow this already successful platform even further through increased trader efficiency as it has done on the world's top six futures exchanges," says Harris Brumfield, CEO of TT.

    Trade Exchange Network will begin development immediately and expects the new trading interface to be available on the and websites within six weeks.

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    About Trade Exchange Network
    Trade Exchange Network Limited, located in Dublin, Ireland, is the world's largest exchange for binary options on financial instruments, economic indicators, sports, weather and politics. Trade Exchange Network is the owner and operator of the and trading platforms and has over 60,000 members in 123 countries.

    On November 17th 2005 TEN notified the Commodity Futures Trading Commission ("CFTC") of its intention to operate an exempt board of trade ("EBOT") known as the Intrade Board of Trade.

    About Trading Technologies
    Trading Technologies ( 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 software and services provide direct access to the world's major derivatives exchanges. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, London, Frankfurt, Sydney and Tokyo. 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.

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