Judge Throws Out Trading Tech's Infringement Claim

Law360, New York (June 22, 2007, 12:00 AM EDT) -- A district judge dealt a blow to Trading Technologies Inc.'s ongoing campaign of infringement suits on Wednesday, issuing summary judgment against the e-trading software maker and allaying fears in the securities industry that online traders would soon pay royalties on nearly every transaction.

The court granted summary judgment of non-infringement to eSpeed Inc., a subsidiary of bond trading titan Cantor Fitzgerald Inc., which Trading Technologies sued in 2004. The suit, the first of a slew of infringement actions the company brought against rivals in 2004 and...
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