NEW YORK, NY – July 1, 2003 eSpeed, Inc. (Nasdaq: ESPD), the leader in developing and deploying electronic marketplaces and related trading technology, along with certain affiliates has filed a patent infringement suit against BrokerTec USA, LLC, BrokerTec Global, LLC, its parent ICAP, PLC, Garban, LLC, its technology provider OM Technology and its parent company, OM AB (“BrokerTec”) in the United States District Court for the District of Delaware. The suit centers on BrokerTec’s infringement of U.S. Patent No. 6,560,580 issued on May 6, 2003, which expires in 2016, with respect to which eSpeed is the exclusive licensee. The patent protects some of eSpeed’s proprietary systems and methods of electronic trading.
Among other things, eSpeed seeks an order from the Court directing BrokerTec to cease operations of its competing electronic trading system that infringes eSpeed’s patented systems and methods. eSpeed has asked the Court to enjoin or stop BrokerTec from continuing its infringement during the pendency of the lawsuit.
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.