Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced that its newly formed subsidiary, HFT Solutions, LLC, has acquired a patent portfolio covering certain advanced technologies relating to high frequency trading (the “HFT Patent Portfolio”).
The HFT Patent Portfolio currently includes six issued U.S. patents and two pending U.S. patents. The portfolio relates to technologies used by firms engaged in high frequency trading activities. The inventions specifically address technological problems associated with speed and latency and provide critical latency gains in trading systems where the difference between success and failure may be measured in nanoseconds.
“This is a very exciting opportunity for Network-1 as the high frequency trading market is robust and the technologies covered by the patents in the portfolio are crucial to those seeking an advantage in these trading activities”, commented Corey M. Horowitz, CEO of Network-1. “We anticipate continuing to develop the portfolio and will be commencing our licensing activities in the near term,” he added.
