Source: Private Trading Systems
Private Trading Systems, Inc. (Pink Sheets:PVTM) announces that it has completed filing the first full definitive patent for its PETS Private Electronic Transaction Processing and Trading System platform.
Under the guidance of its patent counsel Kenyon and Kenyon, New York City, the full patent filing is an important stage in the development of the Company protecting its growing intellectual property. Further Company progress in intellectual property work anticipates additional patent, trade secret, trademark and copyright components.
When approved, the PETS platform will be used to trade Admiral Asset Group's Life Insurance Policies Settlement securities along with other securities products.
Private Trading Systems recently signed its first agreement with Atlantic Asset Group Inc. to trade financial instruments in electronic form allowing for instantaneous clearance and settlement in real time.