Trading Technologies Targets Major Futures Player In Patent Suit

Law360, New York (July 21, 2005, 12:00 AM EDT) -- A patent dispute that has unsettled the futures industry escalated this week when Trading Technologies, the software vendor at the center of the brawl, filed a lawsuit against the Chicago-based futures trading firm Peregrine Financial Group.

Trading Technologies said in the suit that Peregrine and its software developer, TradeMaven LLC of Los Angeles, offer a trading platform that knowingly infringes on one of its patents.

Trading Technologies requested a preliminary and permanent injunction against Peregrine and TradeMaven, as well as unspecified damages, the company said....
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