What factors should managers and courts consider

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Reference no: EM133506632

Question: Trading Technologies has various patents claiming a method and system for expediting the successful execu--- tion of electronic orders to trade stocks, bonds, futures, options, and similar products. Its patented system displays bid and ask prices dynamically, along with the static dis- play of the trader's desired trading price, and then pairs and executes orders when the static desired trading price equals the dynamic market price. Because this system . reduces the time it takes to place a trade, it increases the likelihood that the trader's orders will be ?lled at the pre~ ferred prices and quantities. After CQG, Inc. began using a similar system, Trading Technologies sued it for patent infringement. In its defense,CG aeserted that the patent claims dealt with patents-ineligiblesilbject matter. What factors should the court consider to determine Whether Trading Technologies' system is patent eligible? Certain experts assert that business process: patents are issued "too easily" and sti?e innovation, while others have argued that applying stricter tests could make software virtually inel- igible for patent protection. What factors should managers and courts consider when deciding Whether software is patentable? Are any other types of intellectual property protection available to protect innovative software?

Reference no: EM133506632

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