Trading Technologies Sues Refco Over Software Patent

Law360, New York (February 27, 2005, 12:00 AM EST) -- A software vendor that has rattled the futures industry with threats of patent litigation has sued a broker with clients trading on all four of the leading futures exchanges.

Trading Technologies filed the lawsuit against broker Refco in the U.S. District Court for the Northern District of Illinois, alleging infringement of a patent for TT's most popular trading software.

U.S.-based Refco operates in 14 countries and has 200,000 clients trading on all four exchanges.

Trading Technologies has shaken up the futures industry with demands of a...
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