TT wins landmark patent case over E- Speed, appeal expected

Trading Technologies (TT) scored a major victory in its patent infringement case against E-Speed when a jury ruled that E-Speed fully infringed on TT’s patented MD Trader software in 2004.The jury, which deliberated for two and a half days, awarded TT $3.5 million in damages, on 10 October, ultimately upholding the firm’s well-known software patent. The judge could triple the damage amount because the jury determined that E-Speed wilfully infringed. “We’re obviously happy the jury validated our patents,” said Steve Borsand, chief intellectual property counsel for TT. “And in terms of the other cases, this was a big first step.”TT is still engaged in patent infringement litigation with several other firms including CQG, Rosenthal Collins Group (RCG), GL Trade and Futurespath. A court hearing is set for 16 October to determine how those firms would like to proceed with their cases.For its part, E-Speed is likely to appeal its case...