Source: Trading Technologies
Trade Exchange Network Limited (TEN) - parent of intrade.com and tradesports.com - 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, TradeSports.com and Intrade.com. 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 Tradesports.com and Intrade.com websites within six weeks.