Trading Technologies International, Inc. ("TT") and FFastFill Plc ("FFastFill") today announced that they have agreed to settle a lawsuit pending in the United States District for the Northern District of Illinois in Chicago alleging that FFastFill (and Future Dynamics which FFastFill acquired) infringed TT’s 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 and that the patents are valid. Under the settlement agreement, FFastFill admitted that the Crossfire product formerly offered by Future Dynamics infringed on TT’s patents and agreed that the patents are valid. FFastFill has agreed to not infringe TT’s MD Trader patents in the future. TT has agreed not to sue FFastFill and FFastFill’s customers for infringement of the MD Trader patents based on FFastFill’s new QuickTrade product. As part of the settlement, TT has absolved FFastFill and FFastFill’s customers of any past liability for infringement of TT’s MD Trader patents.

"We are happy to resolve this matter and put any patent issues we have with TT behind us. FFastFill respects TT’s static order entry ladder patents and has no intention of violating TT’s patents. Going forward, FFastFill’s customers can use our new QuickTrade product without any concerns regarding TT’s static order entry ladder patents," said Keith Todd, Executive Chairman and CEO of FFastFill.

"Our settlement with FFastFill is further evidence of the strength of our MD Trader patents," said Harris Brumfield, CEO of TT.

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