eSpeed licenses futures trading patent to Ice

Under the terms of the licence, Ice will pay eSpeed a periodic royalty of at least $2 million per year and a running royalty of up to 20 cents per contract traded using the patent. The licence runs until February 2007.

eSpeed's 'Wagner' patent technology is used in automated futures trading systems to enable users to match bids and offers via computer. The new agreement covers the use of the patent in Ice’s markets in energy, certain metals, weather and emissions.

eSpeed, a subsidiary of voice broker Cantor Fitzgerald, is a major partner in TradeSpark, a rival electronic energy trading platform to Ice. Both exchanges have picked up business since the demise of EnronOnline, the electronic trading platform of bankrupt energy major Enron. UBS Warburg has since revived EnronOnline as

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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