Trading Technologies and TransMarket settle patent dispute

Source: Trading Technologies

Trading Technologies International, Inc. (TT) today announced that it has agreed with TransMarket Group L.L.C. (TransMarket) to settle a lawsuit pending in the United States District for the Northern District of Illinois in Chicago alleging that TransMarket infringed TT's U.S. Patent Nos. 6,766,304 and 6,772,132.

The lawsuit was resolved with the entry of a Consent Judgment.

"We settled because we believe TT invented the concept behind MD Trader and the TT patents are valid," said Eric Meier, Executive Vice President of TransMarket.

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