Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Exclusive: Axiance launches, replacing EverFX forex news
  • Nuvei partners with XT.COM to facilitate onboarding of new users forex news
  • Swissquote introduces new Investment Inspiration widget forex news
  • CFTC reaches settlement with former Deutsche Bank trader in spoofing case forex news
  • Deutsche Bank completes first live trades on e-FX trading hub in Singapore forex news
  • Russian authorities fine Google for eToro ad forex news
  • PayPal offers UK customers to buy, hold and sell cryptocurrency forex news
  • FINRA goes after StockKings forex news

OANDA, GAIN Capital clash over API source code production

Posted on 2021-12-02 By admin No Comments on OANDA, GAIN Capital clash over API source code production

As the patent infringement lawsuit brought by OANDA against GAIN Capital, which is now owned by StoneX, continues at the New Jersey District Court, the parties have updated the Court on how the discovery process progresses.

According to a joint status report submitted at the Court on December 1, 2021 and seen by FX News Group, the parties request the Court’s assistance in resolving a dispute that has arisen with respect to the production of GAIN’s source code.

First, let’s recall that in this action, OANDA alleges that GAIN infringes two patents, U.S. Patent Nos. 7,146,336 (“the ’366 patent”) and 8,392,311 (“the ’311 patent”).

On March 5, 2013, the United States Patent and Trademark Office issued United States Patent No. 8,392,311, entitled “Currency Trading System, Methods, and Software.” The ’311 Patent teaches, among other things:

In one aspect, the present invention comprises a system for trading currencies over a computer network. A preferred embodiment comprises: (a) a server front-end; (b) at least one database; (c) a transaction server; (d) a rate server; (e) a pricing engine; (f) an interest rate manager; (g) a trade manager; (h) a value at risk server; (i) a margin control manager; (j) a trading system monitor; and (k) a hedging engine. In another aspect, the present invention comprises methods for trading currency over a computer network. In another aspect, the present invention comprises software for currency trading over a computer network.

On December 5, 2006, the United States Patent and Trademark Office duly and legally issued United States Patent No. 7,146,336, entitled “Currency Trading System, Methods, and Software.”

The ʼ336 Patent teaches, among other things:

In one aspect, the present invention comprises a system for trading currencies over a computer network. A preferred embodiment comprises: (a) a server front-end; (b) at least one database; (c) a transaction server; (d) a rate server; (e) a pricing engine; (f) an interest rate manager; (g) a trade manager; (h) a value at risk server; (i) a margin control manager; (j) a trading system monitor; and (k) a hedging engine. In another aspect, the present invention comprises methods for trading currency over a computer network. In another aspect, the present invention comprises software for currency trading over a computer network.

The latest status report informs the Court that, while the parties have met and conferred about the production of source code related to GAIN’s accused infringing product and OANDA has obtained some initial access to source code, GAIN has refused to provide access to its source code for the Application Programming Interfaces (APIs) used to operate GAIN’s automated trading platforms.

OANDA claims that the API portion of GAIN’s Forex.com source code is highly relevant because OANDA intends to use it to demonstrate to the jury how GAIN’s infringing Forex.com product works – e.g., by accepting client input and orders, transmitting those orders to the server via the APIs, and executing those orders on the servers.

OANDA argues that GAIN has provided no valid basis on which to withhold this discovery. Hence, OANDA requests that the Court order GAIN to provide prompt access to the API source code for both GAIN’s publicly documented as well as any private or non-advertised APIs.

GAIN Capital, however, requests that the Court strikes Plaintiff OANDA Corporation’s Request for Production that wrongfully encompasses a demand for production of GAIN’s “API handler” source code.

GAIN says that the “API handler” is a term used by OANDA’s counsel that refers to the back-end source code that “handles” or interprets commands and requests made by third parties. These third-party commands and requests can be made by using GAIN’s public application programming interface (API).

The API handler source code sought by OANDA is the source code that in essence interprets and translates the API requests and commands so that GAIN’s systems can understand and respond to them. It is not the source code for the GAIN trading platforms (which has already been produced).

OANDA’s Request should be stricken because OANDA fails to have any basis to support such Request, GAIN concludes.

forex news Tags:forex-news

Post navigation

Previous Post: Afterpay updates on Square deal
Next Post: Interactive Brokers enables harvesting capital losses via Allocation Order Tool

Related Posts

  • CMC Markets Connect extends institutional reach with Integral partnership forex news
  • smartTrade announces appointments to exec team forex news
  • CFTC drags its feet on lawsuit against John McAfee forex news
  • BTIG appoints Tanya Williams, CFA, as Director of Macro Markets Strategy forex news
  • eToro adds 90 new assets to its lineup of investment instruments forex news
  • SEC renews motion for default judgment against AirBit Club promoter forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • StoneX registers 21% Y/Y increase in FX/CFD revenues in Q1 FY22 forex news
  • Interactive Brokers gets a slap on the wrist for violating CME rules forex news
  • Eurex Clearing enhances C7 with new Securities Clearing Service forex news
  • Sérgio Rial to become chairman of Santander Brazil’s BoD forex news
  • SNB Vice Chairman Fritz Zurbrügg to take medical leave forex news
  • Paysafe, Shelby Financial team up to safeguard US airline payments forex news
  • MarketAxess reports slight decrease in revenues in Q2 2021 forex news
  • NinjaTrader acquires Tradovate for $115 million forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme