Trading Technologies awarded patent for DOM

Strategy Runner to License Trading Technologies

CHICAGO, August 25, 2005 - Trading Technologies International, Inc. (TT) and Strategy
Runner, Ltd. (Strategy Runner), a successful developer of system trading platform and fully
automated trading solutions, today announced that they reached an agreement under which
Strategy Runner will license TT’s patented MD Trader technology. The agreement also settled a
lawsuit pending in Federal Court in Chicago alleging that Strategy Runner 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 finding infringement. Under the
settlement agreement, Strategy Runner admitted that its Strategy Runner Pro and Lite trading
screens with Static Market Panes infringe on TT’s patents and agreed that the patents are valid.
Furthermore, TT granted Strategy Runner a license under which it will pay to TT a variable royalty
of at least $.10 per side for all contracts that trade in conjunction with the Strategy Runner Pro
and Lite trading screens with Static Market Panes trading screen. As part of the settlement, TT
has absolved Strategy Runner of any past liability for infringement of TT’s patents. TT also
agreed not to sue Strategy Runner and Strategy Runner’s customers for infringement of the
MD Trader patents based on Strategy Runner’s TradingPad product.

"TT’s issued MD Trader patents are valid and I believe it did not make sense to challenge them
further. I believe that this agreement is good for Strategy Runner and our clients, since it lifts the
uncertainty with respect to our liabilities, reconfirms we will not be sued by TT for use of our
current TradingPad, and allows us to provide clients with system trading as well as the static order
entry ladder invention", said Anna Becker, CEO of Strategy Runner.
 
I still consider this patent invalid. In the "old" days Livermoore had to write the prices on the quote board in vertical columns and this is fundamentally no different. Just because it is on a computer does not make it unique, the process / interpretation is the same.

But this is the US: Those with the best lawyers seem to win! Look at the damage awared in the Merk case.

The US government and law does not seem to get it into their thick heads that this gradually but inevitably will make their country unproductive and other countries will take over.

Would love to see how these guys enforce it in some corrupt countries like Russia etc.

One more reason never to show someone else your setup and make sure all your trading stuff is encrypted xx layers deep with a deceptive layer on top.

:cool:

Sherlock
 
New press release from TT

http://www.tradingtechnologies.com/news/050825_StrategyRunnerLicense.pdf

August 25, 2005

Now SR has a product that is none infringing the TT MD patent





The lawsuit was resolved with the entry of a Consent Judgment finding infringement. Under the
settlement agreement, Strategy Runner admitted that its Strategy Runner Pro and Lite trading
screens with Static Market Panes infringe on TT’s patents and agreed that the patents are valid.
Furthermore, TT granted Strategy Runner a license under which it will pay to TT a variable royalty
of at least $.10 per side for all contracts that trade in conjunction with the Strategy Runner Pro
and Lite trading screens with Static Market Panes trading screen. As part of the settlement, TT
has absolved Strategy Runner of any past liability for infringement of TT’s patents. TT also
agreed not to sue Strategy Runner and Strategy Runner’s customers for infringement of the
MD Trader patents based on Strategy Runner’s TradingPad product.
 
The Livermoore System
Stocks and Commodities V 1:4 (82-85)


page 2:

Daily quotes were listed in long columns, one below the other. The arrangement of prices in this fashion probably originated from his experiences as a "board boy". They were probably a tool, in implementing and fine tuning his exit and entries from the markets. Price moves in a vertical fashion , up and down along a horizontal time axis, so it seems rational to structure his recording method along the same lines.

.......

Price was recorded vertically and time (the dates prices occured) were also recorded vertically

......
More...

Nothing new under the sun!

Plain bullying

Sherlock
 
TT has obviously evaluated this step they took. apparently they are in this for the long haul.

Not only have they protected their market share, they have created an income producing licensing opportunity.

As traders we see this step as being negative and limiting our choice, thus all the complaints.

I am trying to find a cup half FULL of water here.

Could you imagine the Retail Futures Industry without the NFA?


Look at the "Circus" of Spot Forex.....

We need some large companies to be profiting and adding credibility to the industry. I know, I know...this sounds naive...But I am having trouble finding that cup of water.

I am really going to get it for this post from all you "independent thinkers" we call traders out there....So go ahead. It just... that its happening and we cannot do anything about it...So work WITH it.

Michael B.
 
Michael,

For me it is not a problem because I do not scalp and trade happily without it. Just pointing out that this "patenting" is hurting the American economy.

If M$ had a reasonable pricing policy then Linux would never had a foothold.

If IBM had not some ridiculous pricing then their PC business would have been more competitive. Now they've sold it to the Chinese.

Hong Kong is looking towards being the "trading hub " of the East. Hong Kong got great because there was no regulation. If the US does not watch out then in 25 years the HK exchange is bigger than the US together. They are still learning and they have lots of patience. They think in timeframes that the west does not.

Thing is that live is a boomerang: You'll reap what you sow. And if you are being a bully then one day the bill will be presented.

If the US is going to incorporate the fees on the exchanges / brokers then I will just trade somewhere else. So the US is loosing out and they have screwed up again.

It is very clear that in time the US will be just a goner.

Sherlock
 
Quote from Holmes:
The US government and law does not seem to get it into their thick heads that this gradually but inevitably will make their country unproductive and other countries will take over.
More...

Spot on Sherlock...

http://www.amazon.com/exec/obidos/tg/detail/-/006075690X

A recent New York Times article described the immigration process in reverse as Irish immigrants who had moved to New York have been moving back to Ireland in droves because of the country's prospering pro-business economy.
 
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