Finance Feeds logo

US Court of Appeals denies motion by Trading Technologies to increase number of patent cases

Maria Nikolova

The Federal Circuit U.S. Court of Appeals has made a move towards reducing the number of patent cases that Trading Technologies has been busy launching lately.

It is not a secret that Trading Technologies International has been busy contesting the decisions of the Patent Trial and Appeal Board (PTAB) lately. Since the beginning of July 2017, Trading Technologies has launched six cases arguing against earlier decisions by PTAB over Trading Technologies’ patents. IBG LLC, Interactive Brokers LLC, TradeStation Group, Inc. and TradeStation Securities, Inc. are appellees in these cases.

Trading Technologies has even moved to increase the number of these patent cases by asking the the Federal Circuit U.S. Court of Appeals to de-consolidate two of its patent cases.

As per the latest court filings, seen by FinanceFeeds, the Federal Circuit U.S. Court of Appeals has denied the motion, thus siding with appellees Interactive Brokers and TradeStation. In addition, the Court ordered that Appeal No. 2017-2257 shall be treated as an additional companion case such that all three cases shall be assigned to the same merits panel.

The latter case concerns the ‘056 patent, which describes “a user interface 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”. The patent covers a method of operation used by a computer for displaying transactional information and facilitating trading in a system where orders comprise a bid type or an offer type.

Another of the patents concerned is ‘999, which also 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. 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.

The decision of the Court is barely surprising as de-consolidation is not a popular measure for the Federal Circuit U.S. Court of Appeals.

Subscribe

Read this next

Education, Inside View

Charting the Course: Expert Analysis on GBP/USD Signal

The GBP/USD is one of the highly regarded currency pairs in the world of Forex trading, known for being liquid, volatile, and having narrow spreads. Traders Union’s analysis combines the latest economic data, market news, and technical indicators, giving all the insights needed to make informed decisions about trading pounds and dollars.

Monitor Chart
Institutional FX

Iress’ QuantHouse adds BMLL’s historical order book data

“Across the industry, as sophistication levels increase, the demand for superior quality historical market data is intensifying. Market participants need easy access to global, ready-to-use data to improve their own products and strategies, gain a deeper understanding of liquidity dynamics, and generate alpha more predictably, without the burden of data engineering and infrastructure on their P&L.”

SEO

Binance Australia: Revolutionizing Cryptocurrency Trading Down Under

In 2024, Binance Australia continues to shape the cryptocurrency landscape, offering innovative trading solutions and comprehensive support for Australian traders. This article explores its services, regulatory compliance, and what makes it a top choice for crypto enthusiasts in Australia.

Crypto exchange Binance logo
Inside View

European share trading is much higher than believed, says report

“Regulators in the EU and UK need to take the opportunity presented by the imminent establishment of a Consolidated Tape for shares and ETFs to update relevant post-trade transparency rules, so that they capture the full scope of share trading activity in Europe. Without this, Europe risks being left behind.”

Digital Assets

Abra launches prime solutions for digital assets

As an SEC-registered RIA, ACM will now operate as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain.

Bitcoin keyboard
Retail FX

Unusual Whales taps Tastytrade as exclusive options broker

“We’re huge fans of Unusual Whales and the transparency they bring to the markets, enabling traders to make informed decisions.”

Industry News

GenAI can help transform OTC derivatives markets, said ISDA whitepaper

The risks of GenAI, however, include data breaches, regulatory issues, bias, as well as sub-standard or simply false results.

Institutional FX

B2Broker ups leverage on major Forex pairs, BTC and ETH

“This strategic update not only enhances our clients’ competitive edge but also augments their capacity to cater to the evolving demands of their clientele, attract new business, and elevate their service standards by leveraging our liquidity solutions.”

Industry News

Avraham Eisenberg convicted of $110 million DEX manipulation

Avraham Eisenberg, 28, has been convicted of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation of the Mango Markets decentralized cryptocurrency exchange.

Avraham Eisenberg was found guilty of manipulating the price of MNGO on Mango Markets
<
✖