Magazine article Modern Trader

In the Ring with TT

Magazine article Modern Trader

In the Ring with TT

Article excerpt

PUTTING ON THE MITTS

Amid a spate of licensing agreements for its patented MD Trader software, Trading Technologies Inc. (TT) has run into resistance and some possible targets are taking the offensive. CQG Inc. and CQGT LLC have requested a declaratory judgment stating it does not infringe TT's static ladder patents and that TT's patents are invalid. The move comes on the heals of Rosenthal Collins Group's filing of two lawsuits against TT in federal court back in July (see "Trendlines," September 2005).

TT previously charged CQG with infringement and said it will file suit against CQG unless it agrees to a settlement agreement, presumably similar to the eight suits that have been settled, the most recent with Strategy Runner (see "Chartview," September 2005).

In many of the settlements, defendants acknowledge infringement and agree to pay a per contract royalty, typically 10¢ per side with a minimum monthly fee, for trades executed on the infringing software and received in return assurances they will not be sued by TT for patent infringement. …

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