Interview with TT's Steve Borsand

When you joined TT, what was your focus? Was it always related to the two granted patents? I joined TT in January 2002. My goal was to help TT protect its existing intellectual property, including MD Trader, and to create a programme to generate additional intellectual property in the arena of electronic trading. Today, my main focus is litigation and licensing. What do the TT patents cover? While I can't get into a legal discussion about the patents, I can address some misconceptions. Some have incorrectly said TT's patents broadly cover every type of order entry screen that shows market depth. Hopefully, the court's opinion in the recent preliminary injunction ruling clarified this for most people. TT's patents in litigation are directed to a specific type of order entry screen. In layman's terms, these two patents cover an order entry screen that provides for single action order entry relative to static prices. When...