Patented

IntercontinentalExchange has signed a long-term license agreement for eSpeed’s Wagner Patent (United States Patent No. 4,903,201), which deals with automated futures trading systems in which transactions are completed by a computerized matching of bids and offers of futures contracts on an electronic platform. According to the deal, ICE will pay eSpeed $2 million per year as well as at least 10 cents per contract per side or at least 20 cents per contract traded per round trip, whichever is higher.