Trading Technologies International, Inc. v. IBG LLC

TT’s patents relate to a graphical user interface for electronic trading. The 056 and 999 patents, which share a specification, disclose “a user interface for an electronic trading system that allows a remote trader to view trends in the orders for an item, and provides the trading information in an easy to see and interpret graphical format.” The 374 patent, which is from a different patent family, discloses “a display and trading method to ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuate.” IBG sought review under the Transitional Program for Covered Business Method Patents (CBM review), Leahy-Smith America Invents Act, 125 Stat. 284, 329–31. The Patent Trial and Appeal Board held, and the Federal Circuit affirmed, that the patents meet the criteria to be eligible for CBM review and the claims are ineligible under 35 U.S.C. 101. The claims are directed to a covered business method, so CBM review was appropriate. Th claims are directed to a financial trading method used by a computer; there is no technological invention in this software method for trading. View "Trading Technologies International, Inc. v. IBG LLC" on Justia Law