The patent infringement lawsuit brought by OANDA against GAIN Capital is not over.
Earlier this week, the brokers filed a joint letter with the District Court of New Jersey, providing an update on the latest developments in this lawsuit.
The parties recently met and agreed on GAIN’s letter to the OANDA regarding the sufficiency of the OANDA violation allegations. As a result, OANDA agreed to further amend its claims of infringement in certain respects and GAIN would then serve its scheduled responsive amended claims of non-infringement.
Recall that in this lawsuit, OANDA claims that GAIN infringes two patents, US patent no.
On March 5, 2013, the United States Patent and Trademark Office issued United States Patent No. 8,392,311, entitled “Currency Trading System, Methods, and Software”.
The ‘311 patent teaches, among other things:
In one aspect, the present invention includes a system for trading currencies over a computer network. A preferred embodiment includes: (a) a server interface; (b) at least one database; (c) a transaction server; (d) a value server. (e) pricing engine; (f) rate manager; (g) trade manager; (h) value-at-risk server; (i) margin control manager; (j) a trading system monitor; and (k) hedging engine. In another aspect, the present invention includes methods of trading currency over a computer network. In another aspect, the present invention includes software for currency trading over a computer network.
On December 5, 2006, the United States Patent and Trademark Office duly and legally issued United States Patent No. 7,146,336, entitled “Currency Trading System, Methods, and Software”.
The ‘336 patent teaches, among other things:
In one aspect, the present invention includes a system for trading currencies over a computer network. A preferred embodiment includes: (a) a server interface; (b) at least one database; (c) a transaction server; (d) a value server. (e) pricing engine; (f) rate manager; (g) trade manager; (h) value-at-risk server; (i) margin control manager; (j) a trading system monitor; and (k) hedging engine. In another aspect, the present invention includes methods of trading currency over a computer network. In another aspect, the present invention includes software for currency trading over a computer network.