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`I, Pace Beattie, declare that:
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`I am personally familiar with the facts set forth herein, and, if called as a
`witness, I could and would testify thereto of my own personal knowledge.
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`I have over 20 years experience in futures trading and in the development and
`training of traders. I am currently Managing Director of foreign currency
`trading at Kingstree Trading L.L.C., where I have worked for fourteen (14)
`months. Prior to being the Managing Director of foreign currency trading, I
`was involved with trader development.
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`From 1983 to 2000 I traded 30 year bond futures on the floor of the Chicago
`Board of Trade.
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`For approximately three (3) months in 2000, I traded electronically at the
`trading firm, Goldenberg Hehmeyer.
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`From the time I left Goldenberg Hehmeyer until I joined Kingstree in 2003, I
`was the business development director for Tekom, Inc. Tekom was an
`information technology consulting company that designed, set up and support
`electronic networks for traders in the futures industry.
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`I believe that I first saw TT's MD Trader product while I was working at
`Tekom. All ofTekom's clients were trading firms, so I would see traders
`trading with the product frequently. I also talked to traders and other
`independent software vendors (ISV's) in the futures industry frequently.
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`When I was at Tekom, TT was known as the fastest trading screen, but it was
`not until I began working at Kingstree that I realized the importance of the
`static price column in the MD Trader screen. The genius in MD Trader is that
`when the market moves, the price column does not. So, when a trader intends
`to enter an order at a certain price, he is assured to enter it at his desired price.
`Other trading screens may allow a trader to enter orders by clicking on a price
`in an order entry screen, but the prices may change as the market moves,
`which means a trader might enter an order at a price he did not intend.
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`As the markets rise and fall, the MD Trader screen displays the markets rising
`and falling graphically. This visual demonstration of the market is a helpful
`tool for traders to see market movement while trading. Often traders trade
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`Page 1 of 2
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`TRADING TECH EXHIBIT 2032
`CQG & CQGT v. Trading Technologies
`CBM2015-00057
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`multiple products simultaneously and set up multiple MD Trader windows
`side-by-side on their desktop computer screen. MD Trader's demonstration of
`the market movement on multiple products also helps traders to visualize the
`entire market easily and fast.
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`The centering feature of the MD Trader product also benefits traders by giving
`them a point of reference to evaluate whether and how much a market has
`moved. If the market moves off the screen a trader can re-center the point of
`reference with one-click.
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`The centering feature is also important when the market moves rapidly such
`that it may move off of a trader's screen. This happens often when an
`economic indicator number is announced. The re-centering feature allows the
`traders-to-display the market in the middle of their screen with one click,
`which is an important advantage.
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`I heard a very successful trader say that traders do not trade markets, they
`trade applications. I believe the MD Trader product is a very important and
`helpful application for trading.
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`I feel that if a trader had the MD Trader product for his own trading and it was
`not widely distributed to the trading community, he would have had a
`significant advantage over other traders using other screens because of the
`significant advantages I have described in this declaration.
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`I declare un<j.eYpenalty of perjury that the foregoing is true and correct. Executed on
`August ___li_, 2004.
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`dv;f~
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`•
`Pace Beattie
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`Page 2 of 2
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