The United States Court of Appeals for the Federal Circuit has affirmed the
decision of the District Court declaring that eSpeed's patent is held
unenforceable. As a consequence OMX no longer faces any liability claims.
“As a leading supplier to over 60 exchanges in more than 50 countries, OMX is
in the forefront of technological development for the exchange industry. OMX
solutions are raising the bar on speed, robustness and business agility for our
customers, and this decision also shows that OMX has a solid command of
intellectual property rights relating to our products”, says Magnus Böcker,
President and CEO, OMX.
As announced in 2003, OMX in its capacity as software supplier to BrokerTec, a
US electronic fixed income marketplace, were among those sued by eSpeed in a US
court for alleged patent infringement. In February, 2005, the District Court
rejected eSpeed's claim, which was appealed by eSpeed in April 2006. However,
the United States Court of Appeals for the Federal Circuit has affirmed the
decision of the District Court. As a result eSpeed no longer has any claim and
eSpeed's patent is invalid.
eSpeed's claim was approximately USD 100 m on January 25, 2005. OMX has not
made any provisions for this dispute.
For more information, please contact:
Niclas Lilja, Press Relations, OMX +46 8 405 63 95
About OMX | OMX is a leading expert in the exchange industry. Through the
Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic
and Baltic securities market. The Nordic Exchange is a term used for marketing
purposes and is not a legal entity. It describes the common offering from the
Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange,
Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius
Stock Exchange. OMX integrated technology solutions cross the transaction chain
enabling efficient securities transactions for over 60 exchange organizations
in more than 50 countries. OMX is a Nordic Large Cap company in the Financials
sector on the OMX Nordic Exchange. For more information, please visit
www.omxgroup.com
