Network-1 subsidiary receives U.S. patent expanding HFT patent portfolio

Network-1 Technologies announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 11,575,381 to its wholly-owned subsidiary. The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading. The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by HFT Solutions in March 2022. The HFT Patent Portfolio relates to, among other things, technologies used by firms engaged in high frequency trading activities that utilize custom field-programmable gate array hardware, including clock domain management technology that provides critical transaction latency gains in trading systems where the difference between success and failure may be measured in nanoseconds. With this latest issuance, the HFT Patent Portfolio now includes nine issued U.S. patents and two pending U.S. patent applications. The patent terms of the HFT Patent Portfolio are currently expected to extend until 2039. HFT Solutions anticipates further issuances of additional claims for the HFT Patent Portfolio.