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Financial Services: Innovation & Patents August 15, 2006

Posted by newyorkscot in Markets.
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The New York Times ran an article the other day on how the number of patents FS companies have been filing has been growing at a crazy rate.  Since 1997, the number of patent applications has grown from 927 to 6226 in 2005, and the rate continues to increase. It seems that many of these are software-based around trading, pricing and risk management systems, in addition to product-based patents for things like credit cards, ETFs and exotic derivatives.

The article goes on to describe how specifically technology innovation is not only a competitive tool, but its patenting will/could lead to some major legal battles down the road.

Matt — what ever happened to your joint client / UI framework patent(s) ?!!

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