DECLARATION OF STEVEN JANHO
`
`I, Steven Janho, declare that:
`
`I am personally familiar with the facts set forth herein, and, if called as a witness,
`1.
`I could and would testify thereto of my own personal knowledge.
`
`I began trading futures in 1998 on the floor of the Chicago Board of Trade
`2.
`("CBOT"). I was around for the birth of Project A (the CBOT's first electronic trading
`system) and traded on that system at night in 1998. I became a customer of TT and
`started using MD Trader to trade electronically right around the time of the launch of MD
`Trader (around September of 2000). I currently trade electronically at 607 E. Illinois,
`Wheaton, Illinois.
`
`3.
`At the time I first started using MD Trader, I had tried a couple of other front-end
`systems for electronic trading. I liked and choose TT' s software because I thought MD
`Trader was better. The other systems I was aware of had nothing like MD Trader. In
`particular, in MD Trader the display was constructed by displaying market information
`against a vertical column of fixed prices. This allowed the trader to visualize market
`movements and compare the current level of the market with a point of reference. This
`was different than other systems at the time which displayed the market information in a
`grid format with fixed cells for the best bid price and best ask price. In these other
`systems. when the market changed the prices on the screen changed. MD Trader also
`allowed a trader to click on individual cells and very easily enter orders at the aligned
`price levels knowing that the order would go in at that price. This was different than
`other systems at the time in which if a trader attempted to click on a price he ran the risk
`of that price changing and the order going in at a different price. MD Trader also had a
`one click recentering feature that I had not seen in other systems at the time.
`
`4.
`MD Trader enhanced the ability of a trader to trade effectively. This was so
`because the more intuitive display of information reduced the reaction time of a trader by
`reducing the extent of mental calculations required by the other systems. In the other
`systems, if the market changed the trader needed to recognize the fact that the prices in
`the best bid and/or best ask cells changed and to mentally calculate the extent to which
`they changed. These mental calculations are unnecessary in MD Trader where a trader
`can just visually see that the market has changed and the extent of that movement. MD
`Trader's improved order entry also reduces errors and increases the confidence of the
`trader. The one click recentering feature of MD Trader was also very valuable because it
`allowed a trader to easily and quickly bring the market back to the center of the screen if
`it has run off of the screen. Recentering also permits a trader to create a point of
`reference against which to view the market data going forward.
`
`Page 1 of 2
`
`TRADING TECH EXHIBIT 2042
`CQG & CQGT v. Trading Technologies
`CBM2015-00057
`
`

`
`All of these features allow a trader to make decisions faster and enter o.-ders
`5.
`faster. In electronic trading, speed is critical to the success of a trader and any tool that
`can enhance that speed, such as MD Trader, is invaluable.
`
`I declare under penalty of pe.tjury that the foregoing is true and correct. Executed on July
`
`<; -e:-· 2004.
`
`sre~1-
`
`Page 2 of 2