Trading Technologies Wins New Settlement In Futures Patent Dispute

Law360, New York (September 15, 2005, 12:00 AM EDT) -- In another rapid-fire settlement, Trading Technologies Inc. gleaned an agreement from futures trading company TransMarket Group LLC. The patent infringement lawsuit ended with the entry of a Consent Judgment.

The settlement ends litigation initiated earlier this month against Chicago-based TransMarket, in U.S. District Court for the Northern District of Illinois.

Trading Technologies alleged its futures trading platform, called MD Trader, has been infringed by TransMarket’s product.

“We settled because we believe Trading Technologies invented the concept behind MD Trader and the Trading Technologies patents are valid,”...
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