Illinois Federal Judge Declares Trading Platform Technology Patent-Ineligible

(February 15, 2024, 11:32 AM EST) -- CHICAGO — A defendant on Feb. 14 secured dismissal of allegations that it infringes three patents owned by a fellow provider of foreign currency trading and information services, with a federal judge in Illinois finding that although the technology improves upon prior art by providing “more accurate and reliable” metrics for traders, “the concepts of obtaining, filtering, and processing data to provide statistical information are abstract regardless of the quality of the process used to do so.”...