Patent wars continuing on Wall Street?

Technology patents are a must on Wall Street, and frankly in all industries these days. The latest wrinkle in the on-going patent wars: A company called RealTime Data LLC, doing business as IXO, has apparently gone to war over four patents that cover various data compression technologies.

RealTime Data has filed three separate claims in federal court in Texas, accusing about 20 firms of infringement. It is taking on some big names, including all major exchanges and now premiere firms, including the likes of Goldman Sachs, JPMorgan Chase and Morgan Stanley. It has also sued major information service providers, such as Thomson Reuters and Bloomberg. The motivation for this battle is unclear. Some will argue that it is just a money grab by a patent mill. Others think the firm really thinks its patents have been infringed upon.

For more:
- here's a Finextra article

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