New Patent Expands Intellectual Property Portfolio
NEW YORK - May 12, 2003 - eSpeed, Inc. (Nasdaq: ESPD), a subsidiary of Cantor Fitzgerald and the leading electronic marketplace and trading technology provider for the non-equity capital markets, announced today that it has added an important patent to its intellectual property portfolio.
The patent, U.S. Patent No. 6,560,580, for an Automated Auction Control Processor, relates to certain automated trading systems and methods used by eSpeed. The patent, issued on May 6, 2003, expires in 2016. eSpeed is the exclusive licensee of the patent.
The company considers the patent a valuable addition to its growing intellectual property portfolio.
About eSpeed, Inc.
eSpeed Inc., a subsidiary of Cantor Fitzgerald, is the leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global non-equity capital markets, including the world's largest government bond markets and other fixed income marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading at the world's largest fixed income and foreign exchange trading firms, major exchanges and leading natural gas and electricity trading firms. To learn more, please visit www.espeed.com.
Media:
eSpeed, Inc:
Tom Ryan
212.610.2425
Investors:
eSpeed, Inc.
Maureen Murphy
212.610.2426