Briefs

LEGAL BEAT

Patent suit settled

Derivatives software vendor Trading Technologies (TT) has settled a patent dispute with Nyfix, a Stamford, Connecticut-based FIX and networking services vendor. Subsidiary Nyfix Overseas, GL Trade and GL Consultants were also named as defendants. TT accused them of "willful and deliberate" infringement of two patents related to TT's derivatives depth-order entry window. TT alleged that the defendants made, used, sold and offered products and services using patents awarded