According to a copy of a letter obtained by Forex Magnates' reporters, some brands of binary options service providers and standalone brokers have been informed that they are allegedly infringing a list of patents.
With competition in the binary options industry on the rise, we are seeing one of the major service providers make use of its patents related to binary options technology. Just like companies in other industries, TRADOLOGIC is gearing to aggressively protect all of its patented intellectual property.
According to a letter seen by Forex Magnates' reporters, a legal representative of TRADOLOGIC has informed a number of binary options brands about them allegedly infringing on the company’s patents.
This includes some of the brands of other binary options technology providers and standalone brokers who are using their own technology, particularly the ones regulated by CySEC.
The legal representatives of TRADOLOGIC have informed a big number of competitors, alleging patent infringement and claiming exclusive rights to four patented products related to a system and methodology for providing a platform for the trade of select financial instruments (in this case binary options, which are referred to in one of the patents displayed below as exotic options).
In addition, the document highlights the use of certain tools for binary options trading, namely concerning the possibility to “close now” or “extend” a given binary option.
The document concerns three US patents and one which has been granted to the company in Japan.
Our reporters have obtained a copy of one of the patents allegedly infringed, which is displayed at the end of this article.
TRADOLOGIC claims exclusivity in its rights over the ability of competitors to use the patented products which are mentioned in the letter and claims to hold an absolute right to granting permission to other brands to use its trading methodology systems.
The documents alleges competitors have been using patented products from January 2013, and asks the firms to either stop using the products that are infringing on the company’s patents, or sign a licensing agreement with TRADOLOGIC.
In the event that firms allegedly infringing on the patents do not respond within a 7 day term, TRADOLOGIC intends to file an official complaint to CySEC, instigating an official investigation against the companies involved.
Questions can be raised as to how TRADOLOGIC might use the US patent law to its leverage, since none of the CySEC regulated brands are allowed to onboard customers in the United States, only some unregulated offshore entities have been violating U.S. law by onboarding U.S. clients.
With competition in the binary options industry on the rise, we are seeing one of the major service providers make use of its patents related to binary options technology. Just like companies in other industries, TRADOLOGIC is gearing to aggressively protect all of its patented intellectual property.
According to a letter seen by Forex Magnates' reporters, a legal representative of TRADOLOGIC has informed a number of binary options brands about them allegedly infringing on the company’s patents.
This includes some of the brands of other binary options technology providers and standalone brokers who are using their own technology, particularly the ones regulated by CySEC.
The legal representatives of TRADOLOGIC have informed a big number of competitors, alleging patent infringement and claiming exclusive rights to four patented products related to a system and methodology for providing a platform for the trade of select financial instruments (in this case binary options, which are referred to in one of the patents displayed below as exotic options).
In addition, the document highlights the use of certain tools for binary options trading, namely concerning the possibility to “close now” or “extend” a given binary option.
The document concerns three US patents and one which has been granted to the company in Japan.
Our reporters have obtained a copy of one of the patents allegedly infringed, which is displayed at the end of this article.
TRADOLOGIC claims exclusivity in its rights over the ability of competitors to use the patented products which are mentioned in the letter and claims to hold an absolute right to granting permission to other brands to use its trading methodology systems.
The documents alleges competitors have been using patented products from January 2013, and asks the firms to either stop using the products that are infringing on the company’s patents, or sign a licensing agreement with TRADOLOGIC.
In the event that firms allegedly infringing on the patents do not respond within a 7 day term, TRADOLOGIC intends to file an official complaint to CySEC, instigating an official investigation against the companies involved.
Questions can be raised as to how TRADOLOGIC might use the US patent law to its leverage, since none of the CySEC regulated brands are allowed to onboard customers in the United States, only some unregulated offshore entities have been violating U.S. law by onboarding U.S. clients.
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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