`TD Ameritrade v. Trading Technologies
`CBM2014-00133
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`Through its improved display and improved order entry features, MD Trader gives a
`more accurate picture of the market to the trader and allows for more accurate and precise
`trading decisions. Also, these features result in MD Trader being a very easy to use
`trading tool on which new traders can learn to trade very quickly. By providing such
`improvements, MD Trader causes traders to trade more and be more active in the markets
`they are trading. I believe MD Trader has resulted in the increases of the volumes of
`futures such as the E—mini by orders of magnitude.
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`At the time of its release, MD Trader was a very significant departure from the
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`typical order entry systems available.
`I did not realize the great shortcomings of the
`previous systems, however, until I started using MD Trader.
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`Because of the great benefits that MD Trader gives to a trader, I have always been
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`surprised that Harris Brumfield (who I understand to be the main inventor behind MD
`Trader) decided to let TT provide MD Trader as a product as opposed to keeping the
`technology for himself. I believe that if Harris Brumfield had kept the ideas behind MD
`Trader to himself he would have had a significant advantage over other traders in the
`futures markets for many years.
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`In the years following TT’s release of MD Trader, many companies have tried to
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`mimic the feature of MD Trader. When I was at Kingstree I sat in a number of meetings
`with third parties who were pitching competitive trading systems by comparing them to
`TT. I recall that most if not all of those companies specifically pitched their products has
`having or going to have features like MD Trader and mentioned TT and MD Trader by
`name while giving those pitches.
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`I declare under penalty of perjury that the foregoing is true and correct. Executed on July
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`, 2004.
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`LQ
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`Tom Grisafi
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