Trading Technologies (TT) announced on 29 June it has signed
a "software licensing agreement" with Calyon Financial.
The deal represents a new client for TT and is not a
licensing deal extracted as part of its ongoing patent
infringement efforts. A TT spokesperson said the agreement is
simply an expansion of TT's customer base.
Sources familiar with TT have said that it would be to the
firm's advantage to garner the support of FCMs in its ongoing
battle to gain a levy on trades from exchanges. While the
Calyon deal did not express support on behalf of the bank, the
fact that Russ Rausch has moved from TT to Calyon at the same
time as the deal made some observers believe that the ISV may
have won an ally.
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