UNITED STATES DISTRICT COURT
`NORTHERN DISTRICT OF ILLINOIS
`EASTERN DIVISION
`
`Trading Technologies
`International, Inc.,
`
`Plaintiff,
`
`v.
`
`eSpeed, Inc., eSpeed International, Ltd.,
`Ecco LLC, and EccoWare Ltd.,
`
`Defendants.
`
`)
`)
`)
`)
`)
`)
`)
`)
`)
`)
`)
`)
`
`Civil Action No. 04 C 5312
`
`Judge James B. Moran
`
`SUPPLEMENTAL INVALIDITY CONTENTIONS OF ESPEED, INC., ESPEED
`INTERNATIONAL, LTD., ECCO LLC, AND ECCOW ARE LTD.
`
`eSpeed, Inc., eSpeed International, Ecco LLC, and Eccoware, Ltd. (collectively
`
`"eSpeed") hereby submit its their Supplemental Invalidity Contentions with respect to the '132
`
`and '304 patents. eSpeed reserves the right to supplement these invalidity contentions as new
`
`and additional information and discovery becomes available. eSpeed also incorporates by
`
`reference the reports on of its experts relating to invalidity which will be disclosed pursuant to
`
`the expert schedule in this case. These contentions also are based on the claims that TT has
`
`asserted eSpeed infringes. Investigation continues and eSpeed reserves the right to supplement
`
`its invalidity contentions as appropriate.
`
`A.
`
`Invalidity Under Sections 102 and 103.
`
`Based on the prior art identified in the claim chart below, eSpeed's Supplemental
`
`Interrogatory Responses, the May 25, 2007 Letter from R. Perkins to R. Carden, the prior art
`
`identified in all of the filed Notices of Oppositions to TT's European Patent No. 1 319 211 which
`
`prior art is incorporated herein by reference, the prior art identified in eSpeed's briefs in
`
`Page 1 of 93
`
`TRADING TECH EXHIBIT 2040
`IBG ET AL. v. TRADING TECH
`CBM2015-00182
`
`

`
`opposition to TT's Motion for Preliminary Injunction which are incorporated herein by reference,
`
`the declaration of Brendan Bradley submitted in opposition to TT's motion for preliminary
`
`injunction which is incorporated herein by reference, GL Trade Americas, Inc.'s Responses and
`
`Supplemental Response to TT's Interrogatory Nos. 5, 17 and 18 which are incorporated herein by
`
`reference, and the depositions that have been taken in this case and the deposition exhibits
`
`identified in those depositions, all of which are incorporated herein by reference, the patents in
`
`suit are invalid under Sections 102(a), (b), (d), (g) and 103 of the Patent Code. As demonstrated
`
`in these documents and in the prior art, TT's trading system was nothing new, but instead was
`
`disclosed or used in prior art electronic trading systems all around the world prior to the patents'
`
`critical date.
`
`In addition, TT's alleged claimed invention was nothing more than an obvious
`
`combination of this prior art. Finally, all ofTT's patent claims are invalid as indefinite, because
`
`they fail to particularly point out and distinctly claim the subject matter which the applicant
`
`regards as his invention.
`
`'132CLA1M
`ELEMENT
`
`'132 Patent Claim Chart
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`STOCK
`Versions 4.31,
`4.50, and 4.51 MARKEr
`and DX384,
`385, 537, 538,
`539,593,593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`1 eSpeed incorporates the deposition testimony of: Mike Glista, Laurent Havard, Gerard Vmjacques, Jon-Cedric
`Jollant, Bruno Spada, Mike Cartier, Marcel Tchitchiama, Christina Dobson, Fred Mastro, Chris Malo, Anne Lauren,
`Tina Yavorsky, and Philippe Carre, and GL 30(b)(6) witnesses. eSpeed also may rely on the testimony of Amy
`Watson, John Restivo, and Steve Goode to support its allegations on Tradepad. eSpeed also may rely on any of the
`rebuttal witnesses identified by TT with respect to Tradepad. As set forth in these depositions, GL Win with
`Tradepad Versions 4.31, 4.50, and 4.51 were used, offered for sale, sold and/or ready for patenting before the critical
`date.
`
`2 eSpeed incorporates the deposition testimony of Charles Mauro, Walter Buist, Chris Buist and Bill Bautz as
`support to support its allegations regarding Wit Capital. eSpeed also incorporates the exhibits that were identified
`during those depositions including DX 194-213, 283-315, 422-447 and PX 358-378.
`
`2
`
`Page 2 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKET2
`
`GLWINWith
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`and DX384,
`385,537,538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626. 1
`A
`of The
`Tradepad The system is an
`method
`placing a trader
`trading
`system electronic
`trading
`order
`for
`a had a method for system
`that
`commodity on an placing an order displays the inside
`electronic
`for a commodity market with
`the
`exchange having on an electronic highest bid pnce
`an inside market exchange.
`It and the lowest ask
`with a highest bid displayed
`the price
`using
`a
`price
`and
`a
`inside
`market graphical
`user
`lowest ask price, with a highest bid
`interface. It uses a
`and
`a mouse
`using a graphical pnce
`and/or
`user interface and
`lowest ask price keyboard to place a
`a
`user
`input using a graphical
`trade order.
`device,
`said user interface. It
`method
`used a user input
`comprising:
`1.e.,
`a
`device,
`mouse to place an
`order.
`
`ADDITIONAL
`PRIOR ART
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`TSE's August Swiss Exchange
`1998 Manual SWX TS User
`"an
`describes
`Manual
`Dec.
`electronic
`1998. Contains
`trading system
`a vertical price
`display with the
`which
`displayed
`inside market and
`market
`depth.
`market
`information for
`(Describes
`a
`a
`commodity
`trading
`system
`on a graphical
`for placing orders
`user interface."
`on
`the
`Swiss
`(Man. at TSE
`Stock Exchange.)
`(Man. at 1-1).
`610) (TSE Dep.
`at 15)
`The
`Pages 6-7, 6-13,
`manual
`"an 6-14, and 6-16 of
`describes
`the manual all
`electronic
`trading system show a
`trading
`that a
`trader screen
`--
`the
`can use to place Order
`Book
`a
`trade order Overview -- that
`for
`a has
`an
`inside
`commodity on market with a
`an
`electronic highest bid price
`exchange."
`and
`the
`lowest
`(TSE Dep at ask price shown
`15-16.)
`(Man. on a graphical
`at TSE 610- user interface.
`619)
`
`Pages 6-14- 6-17
`Pgs. 7-17,7-18, of
`the manual
`7-25, and 7-26 describe the use
`of
`the 1998 of a mouse
`to
`manual
`all enter orders.
`show
`screen
`shots of an
`electronic
`
`INTEX.
`(DXIO).
`
`(1984)
`Shows
`
`3 eSpeed incorporates the deposition testimony of Autsushi Kawashima and Hiroyuki Kida to support its allegations
`regarding TSE.
`
`3
`
`Page 3 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`and DX 384,
`385, 537, 538,
`539,593,593A,
`598, 592, 605,
`612, and 626.1
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKET2
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`a vertical price
`display,
`the
`inside market and
`market depth.
`It
`1s used with a
`keyboard.
`
`exchange
`an
`having
`inside market
`with a highest
`bid price and a
`lowest
`ask
`on
`price
`a
`Jan.
`graphical user TIFFE
`interface.
`1996 Manual
`(Refco 10861 at
`1998 pg.
`82)
`The
`states Electronic trading
`manual
`that orders can systems
`that
`be
`placed shows a vertical
`through the use price
`display,
`of a mouse (9-
`inside market and
`2)
`or
`a market depth on a
`keyboard.
`graphical
`user
`(Man.
`interface and can
`TSE622)
`be traded with an
`input device.
`
`at
`
`Stock
`
`Osaka
`Exchange
`("OSE") April
`1996
`(Refco
`9773 at pgs. 19-
`31).
`Electronic trading
`systems
`that
`shows a vertical
`price
`display,
`inside market and
`market depth on a
`graphical
`user
`interface and can
`be traded with an
`input device.
`
`LIFFEAPT
`System. (DX
`150, 151, 152)
`
`4
`
`Page 4 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX 384,
`385,537,538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`Trading screen
`shows a vertical
`price display,
`with an inside
`market and
`market depth. It
`was used with a
`mouse and/or
`keyboard.
`
`LIFFEAPT
`Promotional
`Brochure
`(DX148)
`("Automated
`trading traditional
`approach - Order
`Matching."
`
`LIFFE 1998 API
`Reference
`Manuals show a
`vertical price
`display showing
`an inside market
`and market depth.
`
`Midas Kapiti.
`Shows a vertical
`price display with
`an inside market.
`DX 617, 618,
`619, 620, 621,
`622, 623, 624.
`
`Tradesoft. An
`electronic trading
`system that
`displayed a price
`column with the
`inside market and
`market depth. It
`
`5
`
`Page 5 of 93
`
`

`
`'132CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX384,
`385, 537, 538,
`539,593,593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`''
`!
`
`6
`
`ADDITIONAL
`PRIOR ART
`
`used an input
`device to place
`trades.
`
`IRIS in the
`LIFFE
`February 1999
`ISV Directory at
`pg. 12. (DX 156)
`
`Friesen US
`2003/0097325,
`An electronic
`trading systems
`that displayed a
`price column
`with the inside
`market and
`market depth. It
`used an input
`device to place
`trades.
`
`Figures 3a, 3b,
`3c and 4 show a
`vertical price
`display with bids
`and asks shown
`as a bar (Figures
`3a, 3b, 3c) or as
`bid/offer icons
`(Fig. 4.) "The
`value/ quantity
`view420
`illustrates the
`market for the
`item using a frrst
`axis of values
`408 and a second
`axis 412 for
`quantity. Thus,
`
`Page 6 of 93
`
`

`
`'132CLAIM
`ELEMENT
`
`GLWINWith
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`andDX384,
`385,537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKET2
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`the location of
`each offer icon
`400 and each bid
`icon 404
`represents the
`value for the
`offer or bid and
`the quantity for
`which the offer or
`bid is made."
`(Pg. 5, Par. 44]
`
`Ecco March
`1999MEFF
`Report
`(ES60578-591)
`Study. Shows a
`vertical price
`display, the
`inside market,
`and the market
`depth. It is used
`with a user input
`device.
`Swiss Exchange
`SWX TS User
`that Manual
`Dec.
`1998 (Pg. 12-3
`indicates that the
`user can preset
`whether or not he
`is trading for his
`own account)
`
`On pg. 6-7, the
`manual
`describes
`the
`"control!manag
`ement"
`parameter can
`be
`"automatically
`It states
`set.
`"when
`the Midas Kapiti •
`instruction
`The
`user
`can
`procedure
`for present
`certain
`automatic
`parameters such
`setting
`of as
`the quantity.
`items DX 617, 618,
`control
`has
`been 619, 620, 621,
`carried out, the 622, 623, 624.
`
`. i
`i
`
`system
`setting a preset The
`parameter for the allows a user to
`trade order
`set
`a
`preset
`parameter for the
`trade order, e.g.,
`a quantity.
`
`could
`user
`The
`preset at least the
`following
`parameters:
`account, market to
`be
`traded in and
`commodity.
`
`June
`also
`See
`1999 Manual (Pg.
`29)
`("The
`Quantity Matrix
`allows the trader
`to
`increase
`the
`current quantity
`rn
`value preset
`the Quantity edit
`box. By clicking
`with
`the
`left
`
`7
`
`Page 7 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626. 1
`button of mouse
`in either the 1, 5,
`10, 50 or 100
`above boxes, the
`current
`volume
`will be increased
`by either 1, 5, 10,
`50 or 100.) Pg.
`30
`("The
`Quantity
`Spin
`Button allows the
`trader
`to either
`increase
`or
`decrease
`the
`quantity
`current
`by
`the
`value
`quantity
`default
`movement,
`specified in the
`'Order Defaults'
`dialog box.")
`
`ADDITIONAL
`PRIOR ART
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKEr
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`the
`
`results will be
`reflected
`Minex Nov. 1992
`afterward,
`Service Outline
`(pgs.
`8,
`10)
`beginning with
`("'defaults
`you
`new order entry
`window
`can set include:
`display.
`a) Amount" ("to
`when
`enter orders
`rn
`the market
`instruction
`1.
`for press
`the
`bid
`procedure
`(offer) key.
`the
`automatic
`setting
`of system opens the
`items dealing window.
`control
`been
`the best rate is
`has
`carried out, the
`automatically
`control
`item
`displayed in the
`[area]
`is not
`price
`box
`cleared,
`even
`window, and the
`after
`sending
`preset conditions
`new orders."
`appear
`in
`the
`amount and min
`boxes. you can
`always
`change
`preset conditions
`... 2 press the
`execute key.
`the
`order will
`be
`entered into the
`market.")
`
`the
`
`In
`deposition,
`TSE
`agreed
`that page 6-7
`(TSE718)
`of
`the
`manual
`described how
`the
`management
`parameter
`could be preset
`for all
`trades.
`(TSE Dep. at
`65.)
`
`March
`Ecco
`MEFF
`1999
`Report at pg. 6
`("functionality
`should be given
`to allow traders
`to set a default
`for the following:
`size
`for
`each
`contract.")
`
`Belden
`
`WO
`
`8
`
`Page 8 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`andDX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626. 1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`90/11571
`(Aurora)
`Pages
`31-36 (presets the
`commodity)
`
`McCausland US
`5,243,331,
`column 23, lines
`1-21. (bid offer
`entries
`automatically
`default)
`
`us
`Jain
`6,343,278, FIGS.
`1-3, column 7,
`lines
`38-52,
`column 8,
`lines
`40-50.
`(commodity can
`be
`a
`preset
`parameter).
`
`us
`May
`6,421,653 FIGS.
`14A, 14B, & 15.
`CoL 35, line 3 to
`Col. 36, line 45.
`
`Friesen FIGS.
`3A and 12. pages
`I 0-13 and pages
`23, 26-27, 29line
`29-30, line 6.
`(The size of the
`order bar is preset
`but adjustable).
`
`See also prior art
`relating to "single
`action"
`limitation.
`
`9
`
`Page 9 of 93
`
`

`
`ADDITIONAL
`PRIOR ART
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKET2
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`'132 CLAIM
`ELEMENT
`
`GLWINWith
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`displaying market GL Win Version
`of
`the 4.51 displays the
`depth
`commodity
`market depth of
`a
`through
`the
`commodity
`dynamic display
`through
`a
`of a plurality of plurality of bids
`a and plurality of
`bids
`and
`plurality of asks asks.
`The bids
`in the market for and asks could
`the
`commodity, change positions
`including at least
`in
`the display
`a portion of the
`relative
`to
`the
`bid
`and
`ask static price axis
`quantities of the as
`the
`inside
`commodity
`market changed.
`
`Pgs. 7-17, 7-18,
`7-25, and 7-26
`ofthe 1998
`manual all
`show screen
`shots of a
`trading screen
`showing the
`market depth of
`a commodity
`containing
`more than one
`bid and ask in
`the market.
`
`system
`The
`displays the market
`of
`the
`depth
`commodity through
`more
`than
`one
`plurality of bids
`and asks
`in
`the
`market. The bids
`and asks can move
`up and down the
`screen along
`the
`static price axis to
`reflect the market
`depth
`of
`the
`commodity as the
`inside
`market Pg. 7-1 ofthe
`The GL Win changes.
`manual states
`V4.31 and 4.50
`that the
`displayed the best
`"board/ quotatio
`bid and best ask
`n information
`which
`change
`is updated
`positions rn
`automatically
`the
`display relative to
`at three second
`the static price
`intervals" and
`axis as the inside
`that "automatic
`market changed.
`updating
`continues even
`when the board
`information is
`scrolled up or
`down."
`
`Pg. 7-26 ofthe
`manual states
`that "even
`when scrolling
`is performed,
`the board
`information
`still updates
`automatically."
`
`10
`
`Swiss Exchange
`SWXTS User
`Manual Dec.
`1998 Pages 6-7,
`6-13, 6-14, and 6-
`16 of the manual
`all show a trading
`screen -- the
`Order Book
`Overview -- that
`shows a vertical
`price ladder with
`a plurality of bids
`and asks aligned
`with the vertical
`display of prices
`that update in
`response to new
`market
`information.
`
`INTEXThe
`Intex screen -(cid:173)
`DX lO -- shows a
`vertical price
`display with a
`plurality of bids
`and asks aligned
`with the vertical
`display of prices.
`The bid and ask
`quantities update
`in response to
`new market
`information and
`when the inside
`market changes.
`
`LIFFEAPT.
`The bid and asks
`are aligned with
`the prices and are
`
`Page 10 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKET2
`andDX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626. 1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`TSE testified
`that the bids
`and ask are
`updated in
`response to
`new market
`information.
`(Dep. at 30.)
`
`ADDITIONAL
`PRIOR ART
`
`updated in
`response to new
`market
`information.
`
`LIFFEAPI
`Reference
`Manual (Sept.
`1998) (Pg. A-63)
`(Shows a series
`of diagrams
`where the bids
`and asks are
`updated in
`response to new
`market
`information and
`move on the
`screen when the
`inside market
`changes.)
`
`TIFFE
`The bid and asks
`are aligned with
`the static prices
`and are updated
`and change
`positions in
`response to new
`market
`information when
`the inside market
`changes
`
`OSE. The bid
`and asks are
`aligned with the
`static prices and
`are updated and
`change positions
`in response to
`
`11
`
`Page 11 of 93
`
`

`
`'132 CLAIM
`ELE:MENT
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX384,
`385, 53 7' 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`... l
`
`12
`
`ADDITIONAL
`PRIOR ART
`
`new market
`information when
`the inside market
`changes.
`
`Friesen, FIGS.
`3A and 12. pages
`1 0-13 and pages
`23, 26-27, 29 line
`29-30, line 6.
`(Order bars show
`quantity).
`
`Tradesoft.
`Displayed a
`plurality of bids
`and asks that are
`updated and
`change positions
`in response to
`new market
`information and
`when the inside
`market changes.
`
`Ecco March
`1999 :MEFF
`Report.
`Displays a
`plurality of bids
`and asks that are
`updated in
`response to new
`market
`information when
`the inside market
`changes.
`
`TnckUS
`6,115,698, FIGS.
`20-22, column 9,
`lines 34-45;
`
`Page 12 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With
`1RADEPAD
`Versions 4.31,
`4.50, and 4.51
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKEr
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`column 10, lines
`28-52.
`
`dynamic
`dynamic The
`the
`being display is aligned
`display
`aligned with a with
`a
`static
`static display of display of prices.
`prices wherein The static display
`the static display of prices does not
`of prices does not move and does
`move in response not move
`in
`to a change in the
`response
`to
`a
`inside market.
`change
`in
`the
`inside market.
`The only time the
`price
`display
`moves
`is
`by
`pressing
`the
`home key or by
`scrolling with the
`arrows.
`
`API
`
`The bids and asks There are two LIFFE
`of Reference
`are aligned with the
`types
`(Sept.
`Manual
`static display of screens
`prices. The prices described in the 1998) (Pg. A-63)
`do not move on the TSE manual
`(Shows a series
`screen and do not which have a of
`diagrams
`move when
`the
`static
`price where the inside
`inside
`market axis, the basic market
`has
`changes.
`board
`screen moved and
`the
`with
`the bids
`and
`asks
`floating display change positions,
`area and
`the but the price axis
`scroll screen.
`remains static).
`
`Pg. 7-25 of the Midas Kapiti.
`1998 manual The price display
`describes
`a
`is static.
`It does
`"floating
`not move until
`display area" in
`the user moves it.
`a basic board
`It does not move
`screen.
`The
`in
`response
`to
`floating display changes
`the
`ill
`inside market. 4
`area
`is "three
`prices
`above
`and below" the TIFFE
`center price. It This system had a
`states
`that dynamic display
`when the center aligned with a
`board
`price static price axis
`exceeds
`the
`that did not move
`range of
`the when the inside
`floating display market changed.
`"the
`the manual
`area,
`(In
`prices
`the mode, the prices
`ill
`center part of remained fixed)
`the board are
`
`4 eSpeed relies on the deposition ofHiroyuki Kida and the exhibits marked therein for the operation and
`functionality of the Midas Kapiti system.
`
`13
`
`:i
`
`Page 13 of 93
`
`

`
`'i32 CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKET2
`and DX384,
`385, 537, 538,
`539,593, 593A,
`598, 592, 605,
`612, and 626. 1
`
`ADDITIONAL
`PRIOR ART
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`compiled
`automatically."
`
`OS E.
`These
`systems had a
`dynamic display
`For the scroll aligned with a
`screen,
`the
`static price axis
`manual
`states
`that did not move
`at pg 7-25 that when the inside
`"in
`the scroll market changed.
`screen,
`the
`display
`Swiss Exchange
`for SWXTSUser
`positions
`the prices do Manual Dec.
`not
`change 1998 Pages 6-7,
`automatically."
`6-13, 6-14, and 6-
`16 of the manual
`testified all show a trading
`TSE
`screen -- the
`that
`for
`the
`screen Order Book
`board
`with
`the Overview -- that
`floating display
`shows a vertical
`area, as long as price ladder with
`the last traded a plurality of bids
`price
`stays and asks aligned
`within
`the with the vertical
`floating display display of prices.
`area, the prices
`in
`the price
`INTEX (1984)
`column will not
`If orders are
`move. (Dep. at deleted at the
`35.) But "if the
`inside market,
`floating display
`then the price
`area
`is column remains
`exceeded,
`the
`static while the
`latest executed bids and asks are
`pnce
`is updated and
`redisplayed at change positions
`the center of on the display.
`the board and
`centered
`on Tradesoft.
`that
`20 Displayed a
`the
`prices
`are dynamic display
`displayed."
`of bids and asks
`
`14
`
`Page 14 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`andDX384,
`385,537,538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKEr
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`Al\lJ> THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`i
`_.j
`
`(Dep. at 36.) and a horizontal
`TSE
`testified static display of
`that
`this prices that did not
`functionality is move when the
`set
`inside market
`forth on
`page TSE 761
`changed.
`(7-25) of the
`1998 manuaL Ecco March
`(Dep. at 36.) 1999MEFF
`TSE
`testified Report Shows a
`that if the last display of bids
`executed price and asks aligned
`stays within the with price
`floating display columns.
`area, the prices
`the
`price
`in
`column remain
`static_ (Dep. at
`44.)
`
`For the scroll
`screen,
`TSE
`testified
`that
`there
`is
`no
`floating display
`area
`in
`the
`scroll
`screen
`and the prices
`would move
`even
`if there
`was
`a
`significant
`change
`ill the
`inside market
`(Dep. at 46-
`48.)
`TSE
`testified
`that
`this
`functionality
`was explained
`the
`third
`Ill
`bullet
`point
`
`15
`
`Page 15 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`ADDITIONAL
`PRIOR ART
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`under the first
`diagram
`on
`TSE 761 (7-25)
`(Dep. at 48.)
`
`Pgs. 7-17, 7-18,
`7-25, and 7-26
`the
`1998
`of
`manual
`all
`show
`screen
`shots of
`the
`dynamic
`display of bids
`and asks being
`aligned with
`the
`static
`of
`display
`pnces.
`
`Pgs. 7-22 (TSE
`758) of
`the
`manual
`that
`describe
`the bid and ask
`are the number
`of orders at that
`specified price.
`
`testified
`TSE
`that the bid and
`ask
`columns
`represent
`the
`number
`of
`orders made for
`that
`pnce.
`(Dep. at 27-
`30.)
`
`displaying
`
`an Tradepad had an The order
`
`entry The manual
`
`Swiss Exchange
`
`16
`
`Page 16 of 93
`
`

`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKEr
`
`region is the bid,
`ask,
`or
`price
`columns.
`These
`columns have areas
`that
`can
`receive
`commands to send
`a trade order and
`each
`area
`corresponds
`to a
`price in the static
`price display.
`
`'132CLAIM
`ELEMENT
`
`order
`en~
`aligned
`region
`the
`static
`with
`display of prices
`comprising
`a
`plurality of areas
`for
`receiving
`commands
`to
`send trade orders,
`each
`area
`corresponding to
`a price of the
`static display of
`prices; and
`
`GL WIN With
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`andDX384,
`385, 537, 538,
`539,593,593A,
`598, 592, 605,
`612, and 626. 1
`order
`entry
`region that was
`aligned with the
`static display of
`pnces. Each cell
`in the order entry
`region is aligned
`with
`a
`static
`display of prices.
`Each cell in the
`order
`en~
`region
`receive
`commands
`to
`send trade orders.
`Each
`cell
`corresponds to a
`price of the static
`display of prices. 5
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`indicates that
`double clicking
`in specific
`areas on the
`boards/quotatio
`n screens will
`display a new
`order en~
`window and
`"automatically
`fill in the issue
`name, buy/sell,
`and price, etc.,
`from the
`position that
`was double
`clicked.". (Pg.
`3-6, 9-5)
`
`ADDITIONAL
`PRIOR ART
`
`SWXTS User
`Manual Dec.
`1998. Displayed
`an order en~
`region aligned
`with the static
`display of prices.
`Describes a drag
`and drop order
`en~ system
`from market
`depth. ("Bianchi
`selects the
`desired order size
`of503.00 in the
`Detailed Order
`Book Pane ...
`Holding down
`the middle mouse
`button, he drags
`the SWX:icon
`onto the Normal
`Buy All drop site.
`... this order will
`not be
`transmitted to the
`exchange system
`without further
`confirmation by
`Bianchi .... )
`(Man. at 6-16.)
`
`The manual
`indicates that
`by double
`clicking in the
`bid column,
`this pulls up a
`new order en~
`window with
`the issue name,
`buy/sell
`parameter,
`price, and
`execution
`condition
`parameters
`automatically
`filled in. (Pg.
`3-6, 9-5.)
`
`Midas Kapiti. A
`user can place an
`order with a
`single action, a
`double click of
`the mouse button.
`Pgs. 7-17, 7-18, The user places
`
`5 For the 4.50 and 4.51 GL Win versions, this assumes that the claims cover pop-up windows as TT as set forth in its
`infringement contentions against eSpeed.
`
`17
`
`Page 17 of 93
`
`

`
`'132CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKET2
`andDX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`7-25, and 7-26
`ofthe 1998
`manual all
`show screen
`shots ofthe
`dynamic
`display of bids
`and asks being
`aligned with
`the static
`display of
`prices.
`
`TSE testified
`that one enters
`orders by
`double clicking
`on the price or
`the volume.
`(TSE Dep. at
`53-56)
`
`ADDITIONAL
`PRIOR ART
`
`an order in the
`order entry
`region which is
`aligned with the
`static display of
`prices.
`
`Patsystems
`DOMScreen
`(Nov. 1998)
`Order entry
`region is the
`bid/ask columns
`and those are
`aligned with
`prices. ("This is
`the Eurex Depth
`of Market
`(DOM) screen
`showing the ten
`best bids and
`offers for the
`specified
`contract. These
`prices are also
`"Hot" can be
`traded with a
`single click. A
`click on the price
`enters a limit
`order, while a
`click on the size
`enters an order to
`buy or sell the
`total size up to or
`down to the
`prices shown.")
`(www.futuresma
`g.comNov.
`1998)
`
`(DX118, DX119,
`
`18
`
`Page 18 of 93
`
`

`
`'132CLAIM
`ELEMENT
`
`GL WIN With WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`DX120) (Garrow
`Dep. at 58-63;
`118-119) ("Q: so,
`if a user wanted
`to place an order,
`one way he can
`do
`it is simply
`clicking on
`the
`quantity, whether
`it's on the bid or
`offer side, and if
`the confirmation
`window
`IS
`disabled,
`that
`would send that
`order
`directly
`into the market,
`is that correct?
`
`That
`
`A:
`is
`correct,
`yes.
`That's one way ..
`. .
`
`Q: ... and if the
`user placed
`a
`trade
`in
`that
`by
`fashion
`clicking on
`the
`quantity,
`there
`would be no need
`for him or her to
`input a quantity
`down
`in
`the
`required size box
`that you referred
`to, is that correct?
`
`A:
`Correct.
`that
`Yeah,
`lS
`correct.")
`
`19
`
`Page 19 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`andDX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`DX 119 atpg.
`11) (Garrow Dep.
`at 78-79)
`("clicking on a
`price will enter a
`buy/selllimit
`order of the
`required size?")
`
`OM Click Oct.
`1998Manual
`(Pgs. 15, 51, 52)
`("you just have to
`double-click the
`price of the
`instrument you
`are interested in.
`Click the buy or
`sell button and
`you have made a
`trade.")
`
`LIFFEAPT
`System. Order
`entry region is
`aligned with the
`price axis and can
`trade with a
`single click.
`
`Ecco March
`1999MEFF
`Report. Order
`entry region is
`aligned with the
`price axis and can
`trade with single
`or double clicks.
`
`Friesen. Order
`entry region is
`
`20
`
`Page 20 of 93
`
`

`
`'132 CLAIM
`ELEMENT
`
`GLWINWith WIT CAPITAL
`TRADEPAD
`DIGITAL
`Versions 4.31,
`STOCK
`4.50, and 4.51 MARKEr
`and DX384,
`385, 537, 538,
`539, 593, 593A,
`598, 592, 605,
`612, and 626.1
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`ADDITIONAL
`PRIOR ART
`
`aligned with the
`price display.
`("Orders in this
`view are placed
`by selecting an
`offer token 416
`or bid token 412
`and moving the
`token to a
`location which
`corresponds to
`the desired
`quantity and
`value. Ifthe
`trader wishes to
`purchase
`immediately, the
`trader can simply
`drag a bid token
`412 to the
`location directly
`over any offer
`token, and a
`window pops up
`displaying a bid
`order with value
`and quantity
`equal to that of
`the offer token.
`If the trader
`wishes to sell
`immediately, the
`trader can simply
`drag an offer
`Iocation416 to
`the location
`directly over any
`bid token, and a
`window pops up
`displaying an
`offer token with
`value and
`
`21
`
`Page 21 of 93
`
`

`
`'132CLAIM
`ELEMENT
`
`GLWINWith
`TRADEPAD
`Versions 4.31,
`4.50, and 4.51
`andDX384,
`385,537, 538,
`539,593,593A,
`598, 592, 605,
`612, and 626.1
`
`WIT CAPITAL
`DIGITAL
`STOCK
`MARKEr
`
`TOKYO
`STOCK
`EXCHANGE
`SYSTEM
`AND THE
`AUGUST
`1998
`MANUAL3
`
`i i
`
`a
`selecting
`particular area in
`the order entry
`region
`through
`single action of
`the user
`input
`device with
`a
`pointer of
`the
`user input device
`positioned
`over
`the
`particular
`area
`to
`set a
`plurality
`of
`additional
`for
`parameters
`the
`trade order
`and
`send
`the
`trade order to the
`electronic
`exchange.
`
`trader could
`A
`place an order by
`selecting a cell in
`the order entry
`region with
`a
`mouse to both set
`a plurality of
`additional
`and
`parameters
`trade
`send
`the
`the
`order
`to
`The
`exchange.
`user can do so
`with
`a
`single
`click or double
`click in the 4.31
`GL Win version
`or with a double
`click
`or
`three
`clicks in the 4.50
`and 4.51 WL
`Win versions.
`
`To place an order
`on the system, a
`trader
`single(cid:173)
`clicked the mouse
`on the volume or
`the price associated
`with
`the security
`that he wanted to
`buy or sell. Single(cid:173)
`clicking on the buy
`or
`sell
`volume
`caused the system
`to fill in fields of
`the order
`ticket.
`The
`trader could
`then change
`the
`volume
`desired,
`click
`the
`'verify'
`button
`and
`the
`verification screen
`would appear. The
`trader could
`then
`click on the 'send'
`button to send the
`order
`to
`the
`electronic
`exchange. Double(cid:173)
`clicking
`on
`the
`price would permit
`
`The manual
`indicates that
`double clicking
`in specific
`areas on the
`boards/quotatio
`n screens will
`display a new
`order entry
`window and
`"automatically
`fill in the issue
`name, buy/sell,
`and price, etc.,
`from the
`position that
`was double
`clicked.". (Pg.
`3-6, 9-5)
`
`The manual
`indicates that
`by double
`clicking in the
`bid column,
`this pulls up a
`new order entry
`window with
`the issue name,
`
`22
`
`ADDITIONAL
`PRIOR ART
`
`quantity equal to
`that of the bid
`token. The trader
`can then execute
`the transaction.")
`
`Belden, pages
`31-36.
`
`See also prior art
`below relating to
`"single action"
`limitation.
`Patsystems
`DOMScreen
`(Nov.1998)
`("This is the
`Eurex Depth of
`Market (DOM)
`screen showing
`the ten best bids
`and offers for the
`specified
`contract. These
`prices are also
`"Hot" can be
`traded with a
`single click. A
`click on the price
`enters a limit
`order, while a
`click on the size
`enters an order to
`buy or sell the
`total size up to or
`down to the
`prices shown.")
`(www .futuresma
`g.comNov.
`1998) (Pats Dep.)
`
`Midas Kapiti.
`
`Page 22 of 93
`
`

`
`'