Trading Technologies (TT) has embarked on the first stage of an aggressive intellectual property strategy by filing suit against Espeed for patent infringement. The move comes on the back of TT being awarded US patents for the 'mercury bar' method of displaying electronic markets (see FO Week Vol 9 No 32).
TT is seeking damages for "wilful and deliberate" infringement and has requested a "preliminary and permanent" injunction preventing Espeed from continuing its alleged infringement.
TT declined to comment on whether it expected to bring other court cases for patent violation. In a statement, the firm said, "people can draw their own conclusions" as to whether it believes that other firms are infringing the patents.
The patents cover the technique, utilised in TT's...