Strategy Runner to License Trading Technologies CHICAGO, August 25, 2005 - Trading Technologies International, Inc. (TT) and Strategy Runner, Ltd. (Strategy Runner), a successful developer of system trading platform and fully automated trading solutions, today announced that they reached an agreement under which Strategy Runner will license TTâs patented MD Trader technology. The agreement also settled a lawsuit pending in Federal Court in Chicago alleging that Strategy Runner infringed TTâs U.S. Patent Nos. 6,766,304 and 6,772,132. The lawsuit was resolved with the entry of a Consent Judgment finding infringement. Under the settlement agreement, Strategy Runner admitted that its Strategy Runner Pro and Lite trading screens with Static Market Panes infringe on TTâs patents and agreed that the patents are valid. Furthermore, TT granted Strategy Runner a license under which it will pay to TT a variable royalty of at least $.10 per side for all contracts that trade in conjunction with the Strategy Runner Pro and Lite trading screens with Static Market Panes trading screen. As part of the settlement, TT has absolved Strategy Runner of any past liability for infringement of TTâs patents. TT also agreed not to sue Strategy Runner and Strategy Runnerâs customers for infringement of the MD Trader patents based on Strategy Runnerâs TradingPad product. "TTâs issued MD Trader patents are valid and I believe it did not make sense to challenge them further. I believe that this agreement is good for Strategy Runner and our clients, since it lifts the uncertainty with respect to our liabilities, reconfirms we will not be sued by TT for use of our current TradingPad, and allows us to provide clients with system trading as well as the static order entry ladder invention", said Anna Becker, CEO of Strategy Runner.
I still consider this patent invalid. In the "old" days Livermoore had to write the prices on the quote board in vertical columns and this is fundamentally no different. Just because it is on a computer does not make it unique, the process / interpretation is the same. But this is the US: Those with the best lawyers seem to win! Look at the damage awared in the Merk case. The US government and law does not seem to get it into their thick heads that this gradually but inevitably will make their country unproductive and other countries will take over. Would love to see how these guys enforce it in some corrupt countries like Russia etc. One more reason never to show someone else your setup and make sure all your trading stuff is encrypted xx layers deep with a deceptive layer on top. Sherlock
New press release from TT http://www.tradingtechnologies.com/news/050825_StrategyRunnerLicense.pdf August 25, 2005 Now SR has a product that is none infringing the TT MD patent The lawsuit was resolved with the entry of a Consent Judgment finding infringement. Under the settlement agreement, Strategy Runner admitted that its Strategy Runner Pro and Lite trading screens with Static Market Panes infringe on TTâs patents and agreed that the patents are valid. Furthermore, TT granted Strategy Runner a license under which it will pay to TT a variable royalty of at least $.10 per side for all contracts that trade in conjunction with the Strategy Runner Pro and Lite trading screens with Static Market Panes trading screen. As part of the settlement, TT has absolved Strategy Runner of any past liability for infringement of TTâs patents. TT also agreed not to sue Strategy Runner and Strategy Runnerâs customers for infringement of the MD Trader patents based on Strategy Runnerâs TradingPad product.
TT has obviously evaluated this step they took. apparently they are in this for the long haul. Not only have they protected their market share, they have created an income producing licensing opportunity. As traders we see this step as being negative and limiting our choice, thus all the complaints. I am trying to find a cup half FULL of water here. Could you imagine the Retail Futures Industry without the NFA? Look at the "Circus" of Spot Forex..... We need some large companies to be profiting and adding credibility to the industry. I know, I know...this sounds naive...But I am having trouble finding that cup of water. I am really going to get it for this post from all you "independent thinkers" we call traders out there....So go ahead. It just... that its happening and we cannot do anything about it...So work WITH it. Michael B.
Michael, For me it is not a problem because I do not scalp and trade happily without it. Just pointing out that this "patenting" is hurting the American economy. If M$ had a reasonable pricing policy then Linux would never had a foothold. If IBM had not some ridiculous pricing then their PC business would have been more competitive. Now they've sold it to the Chinese. Hong Kong is looking towards being the "trading hub " of the East. Hong Kong got great because there was no regulation. If the US does not watch out then in 25 years the HK exchange is bigger than the US together. They are still learning and they have lots of patience. They think in timeframes that the west does not. Thing is that live is a boomerang: You'll reap what you sow. And if you are being a bully then one day the bill will be presented. If the US is going to incorporate the fees on the exchanges / brokers then I will just trade somewhere else. So the US is loosing out and they have screwed up again. It is very clear that in time the US will be just a goner. Sherlock
Spot on Sherlock... http://www.amazon.com/exec/obidos/tg/detail/-/006075690X A recent New York Times article described the immigration process in reverse as Irish immigrants who had moved to New York have been moving back to Ireland in droves because of the country's prospering pro-business economy.
Indeed (on the book) - if Einstein had not supported the US then the world would have looked totally different today. Just a single individual who changed history. And yes, I have a friend who is a highly skilled computer specialist who moved from Australia to Ireland. Sherlock