Trading Technologies awarded patent for DOM

the next possible targets:
timberhill
patsystems
open ecry
refco
ninjatrader
buttontrader
trademaven
the list goes on and on.


mo money mo money for tt.
 
I agree with Jeff. Why would someone like TT go after small fish like TradeMaven and Ninja Trader. But, if they do... They might as well pack it up and say good bye:(


Quote from jeffgil:

I do not see it happening....
More...
 
Here is a patent that may be revoked. Notice the wording used "...It would have been obvious to programmers of ordinary skill..."

If the FAT is not patentable because it is an obvious table, I GUARANTEE you that a DOM representation as a listbox side by side is not patentable:

"07:28 MSFT Microsoft could lose patent - WSJ (27.65 )

The WSJ reports the US Patent and Trademark Office said it may revoke a patent held by Microsoft that critics fear could be used to hinder open-source software. In a preliminary ruling, the patent office said Microsoft shouldn't have been granted a patent in 1996 for its File Allocation Table, or FAT. The table is a way of storing data that is crucial for connecting a Windows PC with electronic gadgets such as digital cameras and music players. But the patent office said the table technology wasn't patentable because it would have been obvious to programmers with "ordinary skill." Microsoft has 90 days to respond to the ruling, which isn't final. David Kaefer, Microsoft's director of business development, intellectual property and licensing, said the co will respond quickly. "We have no interest in going the full 3 months," he said. "Now is our opportunity to tell our side of the story."
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Exacting what do they have a patent on . Is it placing order automaticly like TradeStations does. Are they infringing or is it something more.
 
A simple solution to avoiding all this patent-bullshit which mostly applies to the US anyways (although the EU adopted some similar measures) is to get rid of the ladder itself, keep the L2/orderbook and link it to a moving blown-up (part of) chart with a moving label for last price and "Tooltips"-lookalike prices for the other pricelevels than last price ... well, or something like that.

That would take all the spunk out of the priceladder ideology linked to the orderbook; it would be something similar in looks but linked to a chart instead - not a priceladder. Then some boxing tools etc could be used to add a lot of other functionality.

Adding a timeline as well, could get another important dimension into there with lots of useful functionality. I might patent that, though. :p

I've been hacking on some stuff like that, and read with bemusement the scorned words from Hoi from Buttontrader when others launched DOM+chart linked apps in the IB API/announcement forums. :)

There are many ways to get around the artificial priceladder and get similar fast-click-trading functionality into other systems. There are just a lot of people who get very narrow sighted when something disruptive like the DOM/priceladder gets rolled out. Every SW-chief "gotta have it". Well, there are several possibilities with just as fast and easy functionality with much better information structures.

I like animated information, but struggle to find something really worthwhile chasing for visual benefits (as well as informational benefits) for trading - esp. tape-reading.

Finally XTrader and MD is well below average from other good priceladder/DOM implementations I've seen. I liked Tradestation 8 a little - nice looks.
 
Trading Technologies International, Inc. and
Goldenberg, Hehmeyer & Co. Announce
Settlement Agreement of Pending Lawsuit

CHICAGO, September 30, 2004 – Trading Technologies International, Inc. (TT) and Goldenberg,
Hehmeyer & Co. (GHCO) announce that they have agreed to settle a lawsuit pending in the
United States District Court for the Northern District of Illinois in Chicago alleging that GHCO
infringed TT’s U.S. patent Nos. 6,766,304 and 6,772132. As part of the settlement, GHCO has
admitted infringement and will license the patents going forward. Details of the license will follow
in a later press release.
More...
 
Trading Technologies International, Inc. and Goldenberg, Hehmeyer & Co.
Announce Settlement Agreement of Pending Lawsuit

CHICAGO, September 30, 2004 – Trading Technologies International, Inc. (TT) and Goldenberg,
Hehmeyer & Co. (GHCO) announce that they have agreed to settle a lawsuit pending in the
United States District Court for the Northern District of Illinois in Chicago alleging that GHCO
infringed TT’s U.S. patent Nos. 6,766,304 and 6,772132. As part of the settlement, GHCO has
admitted infringement and will license the patents going forward. Details of the license will follow
in a later press release.

"GHCO is one of TT’s largest and most loyal customers, and we are excited to move forward
with GHCO as the first licensee of TT’s patents," said Harris Brumfield, TT’s CEO.

"Our relationship with TT is long standing and strong. We are thrilled to have reached an
agreement to license TT’s patents and we look forward to continuing our strong relationship,"
said Christopher Hehmeyer, Co-Chairman of GHCO.
More...
 
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