Thu, 24 Feb 2005

Software Patents Affecting Futures Exchanges

Ah, how words can change ... a few years ago, if an armed warship stopped a cargo vessel on the high seas and robbed it, enslaving it's crew, it was known as "piracy". Today, we call it "drug interdiction". And only recently has the practice of demanding payments for permission to keep operating your company been called anything other than a "protection racket" or "blackmail". Today it's known as "intellectual property enforcement".

The Financial Times reports European exchanges, brokers and traders are preparing for possible legal battles with Trading Technologies, a US software company. The situation is being made harder for potential defendants because the cases so far have all been sealed. No doubt, all those IP lawyers think this is a good thing..."

(link) [Slashdot]

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