Trading Technologies ("TT") appeals legal decision

E

eastern_warrior

https://financefeeds.com/trading-te...gement-case-interactive-brokers-tradestation/

A good ruling IMO:

Furthermore, the Board saw no indication in the ‘056 patent that the inventors from Trading Technologies invented gathering market information, displaying it to a trader, and using the information to facilitate trading a commodity. The use of a computer to perform these functions also was known in the art at the time of the invention, PTAB said.
 
Agree, though the article does not really describe in detail what TT attempted to patent. If that generic description is all there is to that patent then it will for sure not hold up. Even if TT is attempting to patent an indicator for momentum such as "money flow" they won't succeed. It's like trying to patent to drink a glass of water with your mouth.

eastern_warrior said:
https://financefeeds.com/trading-te...gement-case-interactive-brokers-tradestation/

A good ruling IMO:

Furthermore, the Board saw no indication in the ‘056 patent that the inventors from Trading Technologies invented gathering market information, displaying it to a trader, and using the information to facilitate trading a commodity. The use of a computer to perform these functions also was known in the art at the time of the invention, PTAB said.
More...
 
dumpdapump said:
Agree, though the article does not really describe in detail what TT attempted to patent. If that generic description is all there is to that patent then it will for sure not hold up. Even if TT is attempting to patent an indicator for momentum such as "money flow" they won't succeed. It's like trying to patent to drink a glass of water with your mouth.
More...
Here is a description of the patent involved: https://www.google.com/patents/US7533056
All it does, in legal hocus-pocus, is describing a graphical use interface to display prices (trades, bid, ask) and a graphical user interface for entering buy/sell orders. Plus a flow chart of how these actions are then processed. The patent was filed in 2006.
 
Thanks. That is ridiculous. No wonder this company charges exorbitant platform fees when they need to feed a host of lawyers for their frivolous law suits. I never liked TT and never saw the purpose in using it. A stupid single asset platform in the age of multi asset platforms. And now they snake oil low latency solutions and weird server and cloud based approaches. That after their weird graphical script language approach failed miserably. For what I care this company can go bankrupt. Really don't like their sneaky and dishonest approach to selling and touting their wares.

HobbyTrading said:
Here is a description of the patent involved: https://www.google.com/patents/US7533056
All it does, in legal hocus-pocus, is describing a graphical use interface to display prices (trades, bid, ask) and a graphical user interface for entering buy/sell orders. Plus a flow chart of how these actions are then processed. The patent was filed in 2006.
More...
 
Then don't. Change vendors. Simple as that. Don't pay greedy companies who for lack of new, good ideas get into patent law suits and come up with ridiculous ideas such as "cloud order routing". Sometimes it becomes perfectly apparent when a company has run out of juice.

speedo said:
I hate having to pay TT a transaction fee on each trade for having to use a static DOM.
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dumpdapump said:
Then don't. Change vendors. Simple as that. Don't pay greedy companies who for lack of new, good ideas get into patent law suits and come up with ridiculous ideas such as "cloud order routing". Sometimes it becomes perfectly apparent when a company has run out of juice.
More...
Vendor doesn't matter, if you want a static DOM, you have to pay the tariff to TT as they own the patent.
 
They cheated the system in how they modified the patent because the original patent would not withstand Alice.
See my articles in Futures on this. I put the link to one of them up , but I think it was a two parts. I am not sure why they don't have a link to the other part.
 
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