Software Vendor Seeks $130M+ In Licensing Deals With Futures Exchanges
In the letter, Trading Technologies CEO Harris Brumfield publicly disclosed for the first time the staggering ultimatum he presented privately to the world's four largest futures exchanges, including the Chicago Board of Trade and Chicago Mercantile Exchange.
Trading Technologies is seeking a 2.5% fee for each contract executed, according to the letter.
In return, the company would “forfeit the...
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