Court Denies Injunction to Shut Down Bond Market In Patent Suit

Law360, New York (January 15, 2004, 12:00 AM EST) -- In a case that pits the world's largest bond traders against each other over alleged patent infringement, the Delaware District Court refused to shut down an electronic market place for U.S. Treasuries.

On Wednesday, U.S. District Judge Kent A. Jordan denied eSpeed Inc's request for a preliminary injunction against rival BrokerTec.

eSpeed, the electronic bond-trading subsidiary of Cantor Fitzgerald LP, has sued BrokerTec for infringing a patent for the company’s fixed income trading system it developed.

BrokerTec and eSpeed facilitate the trading of many kinds of...
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