DENVER and CHICAGO, March 30 /Xinhua-PRNewswire/ -- A Federal District Court's decision recently dealt another blow to Trading Technologies' ongoing patent lawsuit against CQG. In the decision, Judge James Moran adopted CQG's view of the patents, narrowing the scope of the protection that TT will enjoy even if the patents are valid. The Judge emphasized that TT's patents only cover an interface that includes a price scale where the prices never automatically move.
Since the Judge's decision, TT admitted that CQG's dynamic price ladder does not violate TT's patents thus removing TT's ability to restrict traders from using CQG's product. "This is another important step to allow traders to use tools that will help them be successful without the threat of litigation," said Josef Schroeter, president for CQG.
This case may yet determine TT's patents should never have been issued by the Patent Office -- that is, TT did not actually invent anything novel.
About CQG
CQG, Inc. is the industry's highest-performing, most cost-effective solution to integrate market data, technical analysis and order routing. CQG's data coverage includes futures, options, fixed income, foreign exchange, and equities worldwide, as well as debt securities, reports and indices.
CQG is headquartered in Denver, Colorado, with sales and support offices worldwide. For more information on CQG, please call 1-800-525-7082. From outside the US and Canada, visit http://www.cqg.com for contact information.
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