Number of Trading Technologies’ patent ruling appeals may grow even further

Maria Nikolova

Six appeals in less than four months are apparently not sufficient for Trading Technologies, as the company asks the Court to de-consolidate cases.

Trading Technologies has been actively contesting decisions made by the Patent Trial and Appeal Board (PTAB), with six appeals filed in less than four months against such decisions. Although the number of actions undertaken by the company is already impressive, it may grow even further, as Trading Technologies has asked the Federal Circuit U.S. Court of Appeals to de-consolidate two of the cases. If the Court sides with the company, the case in question will be split in two, resulting in more patent appeals.

As per the latest court filings in the case, captioned Trading Technologies Intl. v. IBG LLC (0:17-bcaag-02621), appellant Trading Technologies International, Inc. moves the Court to have appeal No. 18-1063 de-designated as a companion case to this appeal. According to the company, it appears that the two appeals may have been deemed companion cases inadvertently, as the two appeals stem from two different Covered Business Method CBM Review proceedings involving two separate patents from two different patent families.

Specifically, Case No. 17-2621 is an appeal from CBM2016-00051, which involved TT’s U.S. Patent No. 7,904,374 (“the ’374 patent”) and is a member of the Brumfield family. Case No. 18-1063 is an appeal from CBM2016-00032, which involved TT’s U.S. Patent No. 7,212,999 (“the ’999 patent”), and is a member of the Friesen family.

De-consolidation is not a popular measure for the Federal Circuit U.S. Court of Appeals. Moreover, the Appellees, including IBG LLC, Interactive Brokers LLC, TradeStation Group, Inc. and TradeStation Securities, Inc., have indicated that they object to this motion. Let’s note that the above-mentioned brokers are appellees in the other patent appeal cases recently launched by Trading Technologies.

Last month, IBG LLC and Interactive Brokers LLC said they do not believe that mediation would be fruitful at this time. TradeStation Group, Inc.and TradeStation Securities, Inc. also declared that the case is not amenable to mediation, as the parties strongly disagree about the merits of the case and are unlikely to reach agreement.

The patents in question refer to a graphical user interface for traders. Patent ‘999, for example, describes a GUI for an electronic trading system that allows a remote trader to view trends for an item, which assists the trader to anticipate demand for an item. For instance, the method comprises displaying a plurality of bid indicators, each corresponding to at least one bid for a quantity of the item, each bid indicator at a location along a first scaled axis of prices corresponding to a price associated with the at least one bid.

Read this next

Digital Assets

Ripple’s Metaco joins Zodia Custody’s network for connectivity with Layers 0 and 1

“As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies.”

Retail FX

BDSwiss Unveils Dynamic Leverage and Zero-Spread Account for Enhanced Forex Trading

Experience a new era in forex trading with BDSwiss, a leading player in the industry, as it introduces two groundbreaking enhancements designed to elevate traders’ experiences on its platform.

Retail FX

Plus500 joins Futures Industry Association as US operations expand

Plus500 Ltd (LON:PLUS) has become a primary member of the Futures Industry Association (FIA) in the United States. The membership supports Plus500’s plans to expand its US business, positioning itself within the world’s leading trade organization for futures, options, and centrally cleared derivatives markets.

Market News

Weekly data: Fiber and Gold price action 

This preview of weekly data looks at EURUSD and XAUUSD where economic data coming up later this week are the main drivers in the markets for the near short term outlook. 

Market News

Unveiling the Top Performers in December 2023: A Stock Market Overview

As we approach the end of 2023, the dynamic landscape of the stock market unveils a year marked by high-profile events, from the resurgence of tech stocks to the demise of financial institutions.


Avelacom enhances connectivity across Middle East and East Asia

“Network latency is a critical factor in their operations across multiple, fast-moving markets where seizing arbitrage opportunities instantaneously is essential. We are dedicated to continually optimizing our global network paths. Our London to Tokyo route, a flagship for Avelacom, has been upgraded alongside other key markets in Asia, India, Turkey, and the Middle East.”

Institutional FX

DMALINK adds Commerzbank to its FX streaming service

“The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

Institutional FX

Citi taps Traydstream to streamline trade documentation for its clients

Traydstream specializes in intelligent data extraction using AI and optical character recognition. Its technology significantly reduces the time needed for document checks in trade transactions, leveraging a machine-learning engine with an extensive rule database.

Retail FX

Greenwood launches mobile trading app for the Black and Latino communities

To encourage first-time investing, Greenwood will provide $10 to users, which can be used towards stocks and ETFs on the Greenwood Invest platform