TT Files New Lawsuits, Adds New Patents to Existing Lawsuits
Yesterday, Trading Technologies International filed a patent lawsuit in United States District Court Northern District of Illinois against Cunningham Trading Systems and Interactive Brokers. Also, TT has added to the original patents claims from what was previously asserted in their legal actions against SunGard/GL/FuturePath, BGC and CQG.
According to Steve Borsand, TT’s patent attorney, despite the new filings, TT is hoping to encourage commercial solutions in which it would license what it believes to be valuable innovations.
TT’s believes it has the largest portfolio of electronic trading patents, which now totals over 100 issued patents.