New York Stock Exchange going after its customers over patents?
US 7,177,833, first assigned to Edge Capture, LLC (Woodstock, IL) , first inventor Marynowski
US 7,251,629, first assigned to Edge Capture
US 8,498,923, first assigned to Edge Capture
US 8,478,687, first assigned to Edge Capture
US 8,660,940, first assigned to Edge Capture
US 8,732,048, first assigned to Edge Capture
US 8,725,621, first assigned to DCFB LLC (Chicago, IL)
About one year later, Bloomberg reported
Intercontinental Exchange Inc., owner of the New York Stock Exchange and some of the world’s biggest derivatives markets, is setting up a clash with customers with its plan to generate income by licensing patents and boosting market-data fees.
The company has asked its biggest customers what they’re willing to pay for licenses to trading-technology patents it bought a year ago, according to executives at four different trading firms who asked not to be named because the discussions are private. ICE proposed to one company that it would waive the licensing fee if it directed stock transactions to the NYSE, which has seen its share of the equities business dwindle, instead of rival exchanges, an executive at the trading firm said.
Recall Edge Capture LLC et al. v. Lehman Brothers Holdings Inc. et al., case no. 1:08-cv-02412, in the U.S. District Court for the Northern District of Illinois.