Back in 2004 before I first broke the Trading Technologies (TT) MD Trader patent story in this newsletter, I tried to give the story away to a larger news organization with the depth and reputation I thought could handle it. I thought it was too big of a story for a one-man newsletter writer operation.
I was unsuccessful in pitching this story to one of Chicago’s newspapers whose lacking coverage of the industry continues today. So I decided to take the story on and sat down with TT’s CEO Harris Brumfield. TT was so happy with the response they were getting to the news being out that they accelerated their litigation schedule and filed suit against eSpeed that same day.
TT has continued to pursue its patent strategy and protect their interests with a series of seemingly never ending lawsuits. When the latest win for TT occurred in February, I asked my editorial team to take a look and see if there was a big picture story to be written. Jim Kharouf, with help from Christine Nielsen, wrote the analysis you see below.