Trading Technologies was last week granted UK patents on its MD Trader software, raising the prospect that the ISV could launch further lawsuits against firms it believes are infringing the patents, and extend its attempts to secure payments from exchanges.
TT apparently remains confident of being able to persuade exchanges to pay it a per-contract fee of 2.5 cents, despite other sources indicating that Chicago Board of Trade (CBoT) and Chicago Mercantile Exchange (CME) had rebuffed the approach (see FO Week Vol 9 No 44).
A source close to TT described talks with...