02:12 PM EDT, 10/01/2024 (MT Newswires) -- Network-1 Technologies ( NTIP ) said Tuesday that its HFT Solutions unit was issued a US patent covering certain advanced technologies related to high-frequency trading.

The new patent comes from an application in the HFT patent portfolio acquired by HFT Solutions in March 2022, according to the company.

The portfolio includes technologies for high-frequency trading, specifically using custom field-programmable gate array hardware. One key feature is clock domain management technology, which helps reduce transaction latency in trading systems, the company said.

The patent terms of the HFT Patent Portfolio are set to extend until 2040, the company added.

Network-1 Technologies ( NTIP ) said its HFT Patent portfolio now includes ten issued US patents and three pending applications.

Shares of the company were down 1.4% in recent trading.

Price: 1.38, Change: -0.02, Percent Change: -1.43