Two patents directed to a method for the electronic trading of stocks, bonds, futures, and options asserted by Trading Technologies International (TTI) against the CQG companies were not directed to an abstract idea and also recited an inventive concept, the U.S. Court of Appeals for the Federal Circuit has ruled. In affirming a federal district court’s decision, the appellate court concluded that the patents claim subject matter that is directed to a specific improvement to the way computers operate, for the claimed graphical user interface method imparts a specific functionality to a trading system directed to a specific implementation of a solution to a problem in the software arts (Trading Technologies International v. CQG, Inc., January 18, 2017, Newman, P.).
A full summary of this case has been published on Kluwer IP Law.
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