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Skip Navigation LinksHome : Latest News : Exchanges show little fear of TT levy demands

Exchanges show little fear of TT levy demands

07 Mar 2005

Three of the big four derivatives exchanges have stated that they are not in violation of the software patents registered by ISV Trading Technologies (TT), with at least one rejecting the ISV's claim for a 2.5 cent levy on trading fees (see FO Week Vol 9 No 50) as a result. 

Speaking at a seminar on the cost of trading at FOW's conference in Frankfurt, Chicago Mercantile Exchange (CME)'s managing director for Europe and Asia, Arman Falsafi, said that she did not...

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