TT patent lawsuit: Ninja Trader, Trademaven and others...

Discussion in 'Trading Software' started by qtip, Jul 25, 2005.

  1. qtip

    qtip

    That is a tough one to believe. Why would a company like TT want to partner with a company like Trademaven. From what I have heard, Trademaven it made up of two people along with one support person.

    I guess we will see...
     
    #11     Jul 26, 2005
  2. Xenia

    Xenia

    Trading Technologies Sues Peregrine Financial Group

    Wed Jul 20, 2005 04:39 PM ET

    CHICAGO, July 20 (Reuters) - Software company Trading Technologies ("TT") has targeted Chicago-based futures trading firm Peregrine Financial Group ("PFG") in a patent infringement lawsuit. Trading Technologies said in the suit that Peregrine and its software developer, TradeMaven LLC of Los Angeles, offer a trading platform that knowingly infringes on one of TT's U.S. patents. Trading Technologies requested a preliminary and permanent injunction against Peregrine and TradeMaven, as well as unspecified damages. A spokesman for Trading Technologies said the firm would not comment further at this point.

    Peregrine's chairman, Russell Wasendorf Sr., told Reuters the firm's legal team was "looking at courses of action" regarding the suit. "We have no intention of settling. We are convinced we are not in violation of their patent," Wasendorf said.

    TT has received patents from the U.S., UK and European patent offices for its MD Trader product, an order-entry system that displays market depth via a ladder-like display on an electronic trading screen. Harris Brumfield, chief executive officer of TT, estimates that over 50 percent of electronic volume on the world's top four futures markets goes through the company's X_Trader order entry platform, which incorporates MD Trader.

    In December, TT asked the four biggest futures marts for a slice of their revenues in return for protection from patent lawsuits. The exchanges have not complied, but in the meantime TT has pursued other futures and options software providers. Patsystems PLC and NinjaTrader LLC are among the firms that have recently settled with Trading Technologies and agreed to pay royalties to license MD Trader. Last week TT cut off New York-based Refco Inc.'s access to its trading screens after the huge futures broker refused to admit that one of its trading systems infringed on TT's patents.

    © Reuters 2005. All Rights Reserved.
     
    #12     Jul 26, 2005
  3. tt should sue ib; it has more money.
     
    #13     Jul 26, 2005
  4. They might just be inclined to tell the to go fxxk themselves. Would be lovely to see.
     
    #14     Jul 26, 2005
  5. Xenia

    Xenia

    TradeMaven and Trading Technologies Settle Lawsuit Over MD Trader® Technology

    CHICAGO, March 27, 2006 - Trading Technologies International, Inc. (TT) and TradeMaven
    Group LLC and TradeMaven LLC (TradeMaven), a popular developer of retail focused trading
    software, today announced that they have agreed to settle a lawsuit pending in the United States
    District for the Northern District of Illinois in Chicago alleging that TradeMaven infringed TT’s U.S.
    Patent Nos. 6,766,304 and 6,772,132.

    The lawsuit was resolved today with the entry of a Consent Judgment finding infringement by
    TradeMaven’s Trade Window product versions 2.8.x to 2.10.x and a product TradeMaven made
    for Peregrine Financial Group, Inc. (PFG). Under the settlement agreement, TradeMaven
    admitted that it has infringed on TT’s patents and agreed that the patents are valid. As part of the
    settlement, TradeMaven will pay to TT $250,000 in return for TT absolving TradeMaven and its
    customers of any past liability for infringement of TT’s patents. This payment was based on past
    futures volume of approximately 1,050,000 sides traded using the infringing trading screens since
    the patents-in-suit were granted. TradeMaven has agreed not to infringe TT’s MD Trader patents
    in the future and TT has agreed not to sue TradeMaven and TradeMaven’s customers for
    infringement of the ‘304 and ‘132 patents based on TradeMaven’s new Trade Window version 3.x
    product. The Trade Window version 3.x product will not require a licensing fee for the patents-insuit.

    "We have concluded that TT’s patents are valid and believe in respecting valid patents. Going
    forward, TradeMaven’s customers can use our new Trade Window version 3.x product without
    concerns regarding TT’s two issued patents", said Jeff Ganis, Managing Partner of TradeMaven.

    "This is the first of fourteen Consent Judgments to include a settlement payment. Over time, while
    the value that TT receives in settlements has to go up, TT is still willing to enter into settlement
    agreements that are mutually beneficial", said Harris Brumfield, CEO of TT.

    www.tradingtechnologies.com/news-releases.asp
     
    #15     Mar 28, 2006
  6. What's wrong with it? I'm using Ninja with the "dynamic" dom - other than the looks, is there performance, stability, etc., issues?
     
    #16     Sep 20, 2006
  7. Any clarification, please?
     
    #17     Sep 21, 2006
  8. artis74

    artis74

    The prop software I have seen is a mere shadow of Xtrader. I hate to schill for TT, as they are no a litigation firm not a software provider, but the Xtrader product is superior.
     
    #18     Sep 21, 2006
  9. It's all about preference, Ninja with TT, before with Zen. Do you think Paul Rotter uses anything but TT Pro? TT is the defacto standard, simple.
     
    #19     Sep 21, 2006
  10. Apart the features, does TT Pro use the same engine and it's fast as much as the standard TT?
     
    #20     Sep 22, 2006