Another Stamell-Affiliated Entity Moves North, From Texas to Michigan

August 23, 2016

High Frequency Trading Systems LLC (HFTS) has filed four new cases in the campaign it began in late 2015, asserting a single patent (7,231,363) generally related to electronically managing the exchange of financial instruments. Knight Capital (KCG BondPoint) (2:16-cv-13082), Liquidnet (2:16-cv-13077), MarketAxess Holdings (2:16-cv-13052), and MTS Markets (2:16-cv-13084) are accused of infringement through provision of online trading platforms. HFTS’s new filings provide just one example of the recent activities of its manager, Erik Stamell.

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