DENVER and CHICAGO, March 29 /CNW/ -- A Federal District Court's decision
recently dealt another blow to Trading Technologies' ongoing patent lawsuit
against CQG. In the decision, Judge James Moran adopted CQG's view of the
patents, narrowing the scope of the protection that TT will enjoy even if the
patents are valid. The Judge emphasized that TT's patents only cover an
interface that includes a price scale where the prices never automatically
Since the Judge's decision, TT admitted that CQG's dynamic price ladder
does not violate TT's patents thus removing TT's ability to restrict traders
from using CQG's product. "This is another important step to allow traders to
use tools that will help them be successful without the threat of litigation,"
said Josef Schroeter, president for CQG.
This case may yet determine TT's patents should never have been issued by
the Patent Office -- that is, TT did not actually invent anything novel.
CQG, Inc. is the industry's highest-performing, most cost-effective
solution to integrate market data, technical analysis and order routing. CQG's
data coverage includes futures, options, fixed income, foreign exchange, and
equities worldwide, as well as debt securities, reports and indices.
CQG is headquartered in Denver, Colorado, with sales and support offices
worldwide. For more information on CQG, please call 1-800-525-7082. From
outside the US and Canada, visit www.cqg.com for contact information.
This press release is also available on our Web site at
For further information:
For further information: Holly Shellner, Communications Manager of CQG,
Inc., +1-303-573-1400, ComsTeam@cqg.com Web Site: http://www.cqg.com