22 October 2017
visit www.avoka.com

Trading Technologies scores in broker lawsuit

01 October 2004  |  6287 views  |  0 chess - toppled king

Trading Technologies (TT) has settled a patent infringement lawsuit it filed earlier this week against Chicago-based broker Goldenberg, Hehmeyer.

In a statement issued today TT says the broker has admitted infringement of two US patents that were awarded in August.

The patents relate to TT's MD Trader product, an order-entry screen that displays multiple prices so that users can judge the depth of a market, which is incorporated in the vendor's X_Trader platform.

TT says GHCO has admitted infringement and will licence the patents going forward.

The broker is the second firm TT has filed suit against. The Chicago-based vendor also charged automated fixed income network eSpeed with infringing patents on the same MD Trader technology, in August this year.

The filing raised the possibility of the lawsuit being extended to other ISVs and brokers operating in the market. Similar onscreen functionality to MD Trader has been developed by vendors such as Orc Software, EasyScreen and Patsystems, and is available in propriety trading systems developed by brokers such as Goldenberg, Hehmeyer.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

TT files patent suit against eSpeed; others likely to follow

TT files patent suit against eSpeed; others likely to follow

18 August 2004  |  8036 views  |  0 comments
Eurex and Trading Technologies in software deal

Eurex and Trading Technologies in software deal

03 December 2003  |  4915 views  |  0 comments
Trading Technologies moves into profit

Trading Technologies moves into profit

22 January 2003  |  3568 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.innotribe.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11587 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11355 views comments | 22 tweets | 27 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9311 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8405 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8352 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job