Judge takes RCG to task as TT patent case drags on

24 Jul 2008

The US judge in the Trading Technologies patent infringement case against Rosenthal Collins Group has criticized RCG’s submission of evidence in the case.

In a ruling last week, Judge James Moran took Rosenthal Collins Group to task for submitting evidence aimed at invalidating Trading Technolo-gies’s MD Trader patents but not informing the court...

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.

Judge takes RCG to task as TT patent case drags on

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