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Friday, March 31, 2006 5:42:37 PM
Trading Technologies which about half of all futures traders use is bullying the markets into accepting their software and suing the software companies that have templates similar to theres, which they patented in 2004. Many of these companies are caving in, and paying off TT and agreeing not to use that style of template. The problem is the template works well and is widely used, even before patents were granted. If you research this you will find that TT has tried to bully the markets into paying them $.025 for every trade that goes thru whether they are using templates similar to his or not, and if they pay he will drop the law suits.
Now along comes spooz who provides a set of tools for traders to set up their own templates how ever they want. And ya know they can even set it up to be very very similar to what TT has. TT checked into suing Spooz but couldn't because spooz wasn't using their templates and in fact doesn't use templates at all. They only sell the tools for customers to build whatever template setup they want, which is done very easy from excel.
I posted just a couple of links below to give an idea of whats going on but IMO, TT has pi$$ed off alot of people in the industry and once Spooz gets out to them and proves its connectability traders will rush to get it. Not only because of Spooz's versatility but also to run hard and fast from TT.
http://chicagobusiness.com/cgi-bin/news.pl?id=17178
http://www.tmcnet.com/usubmit/2005/Jan/1109559.htm how spooz reacts and their eye on future
FROM THE RB BOARD!!!!!!
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