19 January 2017
Reporter: Barney Dixon
Trading tech patents upheld under Alice
Trading Technologies International’s electronic trading patents have been upheld under the Supreme Court’s decision in Alice v CLS Bank.

In the 18 January decision, the Court of Appeals for the Federal Circuit affirmed a $16 million jury verdict that Trading Technologies won against CQG, affirming that the patents do cover eligible subject matter.

The patents cover a “method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities”.

On appeal, CQG’s sole argument was that the claims were directed to patent-ineligible subject matter.

The US District Court for the Northern District of Illinois ruled that they were directed towards an inventive concept.

Upholding this decision, the Federal Circuit confirmed: “Abstraction is avoided or overcome when a proposed new application or computer-implemented function is not simply the generalised use of a computer as a tool to conduct a known or obvious process, but instead is an improvement to the capability of the system as a whole.”

“It is not disputed that the Trading Technologies International System improves the accuracy of trader transactions, utilising a software implemented programmatic met.”

“The claimed subject matter is ‘directed to a specific improvement to the way computers operate’ ... The claimed graphic user interface method imparts a specific functionality to a trading system.”

More Patents news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Congressmen Issa and Goodlatte hit out at Judge Gilstrap
20 July 2017 | Washington DC | Reporter: Mark Dugdale
Two members of the House judiciary committee have criticised Judge Rodney Gilstrap for his interpretation of TC Heartland v Kraft Foods
European Commission to investigate Qualcomm
13 June 2017 | Brussels | Reporter: Barney Dixon
Qualcomm is under investigation over competition concerns about its proposed acquisition of semiconductor rival NXP
Michelle Lee resigns as USPTO director
07 June 2017 | Washington DC | Reporter: Barney Dixon
Michelle Lee notified staff that she would be standing down from her post, but offered no reason for her sudden departure
Uber fires Levandowski
31 May 2017 | California | Reporter: Barney Dixon
Uber has fired key executive Anthony Levandowski after he failed to cooperate in a trade secret dispute with Alphabet’s Waymo
Nokia and Apple settle new dispute
24 May 2017 | California | Reporter: Mark Dugdale
The settlement puts a stop to litigation that spanned the US and Germany and saw Apple claim in federal court that the Finnish company conspired with patent licensing companies to unlawfully extract royalties
Uber-Waymo dispute referred for criminal investigation
11 May 2017 | California | Reporter: Barney Dixon
Judge William Alsup said the evidence against Waymo was the strongest he’d seen in 42 years
AST launches IP3 2017
02 May 2017 | New Jersey | Reporter: Barney Dixon
The 2017 programme will target specific technologies, including the internet of things, content delivery systems and networking