Cantor Sues Liberty Over Libertydirect, Claims Platform Violates Cantor Patent
TRANSACTION SYSTEMS
NEW YORK--Cantor Fitzgerald filed a lawsuit in a Delaware US District Court against Liberty Brokerage last week, alleging that Liberty's soon-to-be launched Libertydirect automatic transaction system for the US bond market infringes upon a Cantor patent for its Interactive Matching service.
The US patent covers the Interactive Matching system used by the Cantor Exchange(CX) on its bond trading platform, including Cantor Speed, released earlier this year (TTW, April 12), which offers direct
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