Mealey's (September 15, 2016, 12:33 PM EDT) -- ALEXANDRIA, Va. — A patented method that purportedly improves electronic trading is likely invalid under 35 U.S. Code Section 101, the Patent Trial and Appeal Board concluded Sept. 13 in a decision to institute covered business method (CBM) review (CQG Inc., et al. v. Chart Trading Development LLC, No. CBM2016-00046, PTAB).

(Decision available. Document #16-160919-017Z.)

The board was acting in response to a petition for CBM by CQG Inc., CQG LLC, Interactive Brokers LLC, Tradestation Group Inc., Tradestation Securities Inc. and Tradestation Technologies Inc. of claims...