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

Digital Assets

MetaMask developer sues SEC over regulatory overreach

Ethereum ecosystem developer Consensys Software has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the agency’s regulatory actions concerning Ethereum and its related services.

Institutional FX

Tradeweb pulls in $408.7 million in Q1 revenue amid record trading volumes

Tradeweb Markets Inc. (NASDAQ: TW) has just announced its financial results for the first quarter of 2024, which showed a robust performance for the three months through March.

Institutional FX

BGC Group valued at $667 million following investment by major banks

BGC Group announced that its exchange platform, FMX Futures, is now valued at $667 million after receiving investments from a notable consortium of financial institutions.

blockdag

Transforming a Bankrupt Investor into a Cryptocurrency Giant; Can BlockDAG Replicate Ethereum’s Meteoric Rise With 30,000x Predictions?

The realm of cryptocurrency investing presents a thrilling blend of challenges and opportunities. The legendary gains by early Ethereum investors serve as a powerful lure for those seeking the next major breakthrough.

Top ICO you cant miss BlockDAG
Digital Assets

SEC delays decision on spot bitcoin options ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

Bitcoin ETF
Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

Digital Assets

Morgan Stanley to sell bitcoin ETFs to clients

Morgan Stanley may soon allow its 15,000 brokers to recommend bitcoin ETFs to their clients, as reported by AdvisorHub.

Morgan Stanley
Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

digital face
Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Photo of Nelson Mandela
<
✖