Pulse Trading Wins Summary Judgment in Liquidnet Patent Infringement Lawsuit

BOSTON & NEW YORK--(BUSINESS WIRE)--Pulse Trading, a national independent brokerage firm headquartered in Boston, today announced that it has successfully defended its BlockCross technology against Liquidnet’s accusation of patent infringement. The U.S. District Court of Southern New York has issued a ruling finding that Pulse’s BlockCross system does not infringe on a patent held by Liquidnet Holdings, Inc.

“We have always believed that BlockCross uses new and very different technology”

“We have always believed that BlockCross uses new and very different technology,” said Mark Enriquez, Founding Managing Partner of Pulse Trading. “We are delighted to have that belief affirmed by the Judge’s decision. BlockCross uses innovative OMS/EMS integration techniques to bring together both buy and sellside participants in a continuous, midpoint equity cross. Winning this case ensures the institutional investment community will have a choice. We will continue to focus on delivering the best product we can to our growing base of customers.”

Pulse was represented by Gilman Clark, LLC, a boutique intellectual property law firm formed in 2010 to focus on small to mid-size high technology companies.

About BlockCross:

BlockCross is a fully integrated block-only ATS. BlockCross optimizes the trader’s ability to source liquidity while avoiding the pitfalls institutions face transacting in high frequency dominated markets. For more information on BlockCross please visit us at www.blockcross.com, or call 617-850-7000.

About Pulse Trading:

Pulse Trading Inc. is a national brokerage firm offering a broad range of services to meet the high demands of institutional investors seeking the best trade executions, investment technology and customer support in today’s fast-changing securities markets. From trading individual securities, equity portfolios, and large blocks of stock, to providing independent research, portfolio consulting, and trading technology (DMA), Pulse’s full-service capabilities are tailored especially for the buyside. For more information please visit Pulse Trading at www.pulsetrading.com, or please call 617-316-5620