Trading Technologies International, Inc. v. IBG LLC

TT’s patent “relates to displaying market information on a screen.” According to the specification, “traders are often interested in analyzing other pieces of highly relevant information that are not normally provided in an electronic exchange’s data feed nor displayed by a trading screen.” Traders may “make quick mental calculations, use charting software, or look to other sources to provide additional insight beyond what is normally provided.” The specification discloses “generating values that are derivatives of price and then displaying these values along an axis on a screen,” particularly profit and loss. Petitioners sought review under the Transitional Program for Covered Business Method Patents (CBM review), 125 Stat. 284, 329–31. The Patent Trial and Appeal Board held, and the Federal Circuit affirmed, that the patent meets the criteria for CBM review and the claims are ineligible under 35 U.S.C. 101. Merely providing a trader with new or different information in an existing trading screen is not a technical solution to a technical problem. The purported advance is a process of gathering and analyzing information of specified content, then displaying the results, and not any particular assertedly inventive technology for performing those functions. The claims are directed to an abstract idea. View "Trading Technologies International, Inc. v. IBG LLC" on Justia Law