Trading Technologies Targets Europe With New Patent For Futures Platform

Law360, New York (April 20, 2005, 12:00 AM EDT) -- In an ominous development for European futures traders, the European Patent Office has awarded a broad patent to a software maker that has vowed to take on the entire industry in an effort to obtain licensing agreements for its trading platform.

Chicago-based Trading Technologies, which claims that about half of global electronic trading in U.S. Treasury bond and note futures is channeled through its MD Trader software, said the European Patent Office granted a patent for its trading platform.

The company has shaken up the futures...
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