eSpeed files patent suit

The suit also names Swedish technology firm OM as a defendant as its technology underlies BrokerTec. eSpeed is seeking an injunction against Icap to stop operating BrokerTec while the lawsuit is pending, and a jury trial to recoup lost profits incurred by BrokerTec’s alleged infringement, plus three times damages, legal fees and interest.

The patent was filed in 1996, was filed in 1999 and approved on May 6.

The patent of the eSpeed system architecture, which mimics the auction process

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: