I
`: .
`I
`1 Peter Moritz. declare that
`~- :
` lam personally familiar with the facts set forth .herein, and, if~led
`
`; :
`:.
`
`!. ;
`
`DECI..ARATION OF PETER MORJCZ
`
`t..
`
`could and would tee\ify tbemo or·my own pcnonaJ knowledae.
`
`I stArted my c:arecr in tbc ft.nancial induatty u a runner on tne)loor fthe Chicago
`.
`Bow ofTrade (''CBOT") in 1994. I started tndiDg electronically~ Pro'
`~BOT's ftr.lt electronic tnldi.ng platform. in J997. Jn late 19911/earty;t999, moved to
`~.ondoa and bepo tradia& elcc;trOnic:ally using the EW'elC fton-cnd.fln the 999/2000
`/time frame. I also used softwue o~ml by Trading Technologies {'fTT'') t trade. In
`!particular, I used IT's Market Orid screen. Jn around the fall of 2~, I
`lradiag tool being offered by IT called Ml) Trader. After I saw a ci'~~'ali<J
`liccused Tf's softwan: and bave been using MD Tnder ever sioce.i l curr
`i ~
`London, England.
`/
`MD Trader was much different than the trading .pplicalio~ ~v ·
`3.
`1
`I MD Trader displayed the market data relative to a staric price tol~ 10
`data would visually move up Nld down the screen. This was VCfY ~
`I precxi$tlng systems in whicb the: bid and ask pri(:e$ WQU.Id move~·~ , requiring
`1 a trlder to reed n11111hers md calculate differCDCCJ between numbeiS;to ·
`a change
`• in the market. Also. MD Tr:ader had very fast and simple Older en9)t ond
`llation in
`c:ular prj« in
`which an order could be sent via one click at a location aligned wi~ a
`1hc static price column such that the trader ~d be coofident that~ ord wa~ being
`sent io at the intended price. Similarly, MD Trader allow.:d the ~r to
`eel a
`
`alianccf with a particular price. This was far different than tru: pr'*isting systems that
`6dent in lbe
`required multiple steps to enter orders in a way that the trader cou$f be
`
`I particular order by clicking on an !con representing that order whifli was jsplayed
`I price. In these ,.-cc:xisting systmns, iftbe trader tried to enter an oWer wi one click. be
`risked the order aoing in at an unintended price if the price on the screen banaed just as
`/ the trader clicked.
`; :
`Because of the differences described above, MD Trader~ a
`I 4.
`, product for profC$sionalactivc tradas. MD Trader was fu simplti and
`I what was pt'CYiously available. The different display made it casi·ror
`l flow of the market by freeing tbe mind of the trader to focus on traaing
` doing meDtal ~c:ulllioos of numbers. The approach to order en~
`it simpler and
`W.U to enter onters and to cancel particular orders with oonfi~. In umnwy, MTl
`~ Trader provided a huge bc:oefit ttl the active Crader in ~n:ns of s~licity
`speed.
`i
`I
`f
`j
`
`11
`
`!
`
`Page 1 of 2
`
`TRADING TECH EXHIBIT 2054
`CQG & CQGT v. Trading Technologies
`CBM2015-00058
`
`

`

`anfluvpmmowfi'n
`
`
`.Venn».u......m....,.-M..."
`
`MD Tradcr dogs 50118: from an: problem as compared to that mix)system
`SE
`InEa fist W1, because MD Trade: keeps the range ofmm being 6531:!”v ataxia the
`data can easily disappear fiwom the: screw W18 MD Trader?Que
`'
`‘
`ramming {ham:5 normaily a good {'ch that allows the irada to mick! bring the
`market Wk1:: flew, it does not work wellIn a fast market where the Enarkct 3 my
`vaEiafiiz due to an extraordinary mt
`‘
`E
`Somuadersdidnm sm‘tcbfi'omthc olderstyic scream roMfiT n a because
`6.2
`they were so used to those skier style screens and MD Trader was so misc?! di area!
`EEen today, I am aware ufwaders who still use the aide: style screensE:
`1-
`
`:
`
`”Each“: nude-menu“): ofperjuryflmfixe tbregaing ismmdcouecEg:va cdan
`AEgustM/6 W200;
`
`.
`pl"
`15;);MM ._...__.
`Peter ode:
`
`
`
`
`
`-...1.mpm..m,....,d,,m.“Manama-am.»n‘fivnlrémpi“w..m.wm’mqa“Why-w«.m-
`
`
`
`
`
`
`
`
`
`-...H»my».
`“my.4‘.ead.»
`«Ma-wan»,.«dawn-M
`
`Fund'mii‘ndl’llvnhfia.mam-m
`
`E
`E
`
`Page 2 of 2
`
`2
`2
`
`Page 2 of 2
`
`