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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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From: TFF2/25/2005 4:17:26 PM
   of 12617
 
TT sues Refco for patent infringement
By Jeremy Grant in Scottsdale, Arizona
Published: February 25 2005 01:16 | Last updated: February 25 2005 01:16

Trading Technologies (TT), a leading provider of derivatives trading software, on Thursday signalled the start of hostilities with the futures industry by suing broker Refco, alleging infringement of a patent for TT's most popular trading software.

The development will send a chill through the industry because it is the first sign that TT is prepared to take legal action against the largest players in the derivatives industry as it seeks to levy a special fee on futures exchanges.
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