Trading Technologies, Peregrine Settle Patent Dispute

Law360, New York (March 17, 2006, 12:00 AM EST) -- Trading software maker Trading Technologies has settled a patent infringement lawsuit with rival Peregrine Financial Group, with Trading Technologies agreeing that Peregrine’s software does not infringe its patents.

The exact terms of the settlement were not made public, although as part of the agreement Trading Technologies stated that “it never asserted infringement” and that Peregrine did not infringe its patents.

Trading Technologies said that its patents were actually infringed by another program, BEST Direct Fast, developed by TradeMaven, the company that helped develop BEST Direct....
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