eSpeed Seeks Up To $64M In Patent Suit Over Bond Trading System

Law360, New York (May 27, 2004, 12:00 AM EDT) -- Bond trading system eSpeed has asserted damage claims of up to $64 million in its patent lawsuit against a provider of a rival trading technology.

eSpeed, the electronic bond-trading subsidiary of Cantor Fitzgerald LP, has sued BrokerTec in Delaware District Court for infringing a patent for the company’s fixed income trading system it developed.

OM Technology AB, a Swedish technology company that helped create BrokerTec's platform, is also a defendant.

ICAP PLC bought the BrokerTec platform in May 2003.

BrokerTec USA has an agreement with OM...
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