Trading Technologies International (TT) has announced that Direct Trading Institutional (DTI), a subsidiary of Knight Capital Group, has licensed TT’s MD Trader patents. The license allows DTI to use TT’s MD Trader technology in Knight Direct, its multi-asset class direct market access platform. In addition, futures orders from Knight Direct will be routed through TT’s exchange gateways via TT FIX Adapter.
“TT is excited to license its MD Trader patents to a Knight Capital Group company,” says Harris Blumfield, CEO, TT. “As more and more companies license the patents, especially multi-billion dollar companies such as Knight Capital Group, the use of the technology proliferates and the strength of the patents continues to be reinforced,” he adds.