Metaquotes takes Xogee to court claiming it hacked its licenses
We wrote about Metaquotes warning and suing several providers who are abusing or using its protocols and technologies without proper
Michael Greenberg
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Technology
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Retail FX )
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Wednesday, 02/05/2012 | 16:32+01:00
2012-05-02 15:32:24
We wrote about Metaquotes warning and suing several providers who are abusing or using its protocols and technologies without proper authorization few weeks ago. Today Metaquotes made the information public and disclosed to its clients that one of the firms it’s targeting is Xogee. Xogee is a major forex mobile platforms provider offering mobile trading applications such as MT4 iPhone and Android.
Metaquotes states that on March 15th it received a court order prohibiting Xogee from selling products that use the Metatrader 4/5 technology. Metaquotes also claims that despite the order these products are still being sold.
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A total of 9 injunctions were imposed on Xogee and 2 its employees including the prohibition of: selling and leasing the iPhone/iPad/Blackberry/Android Trader for MT4, connecting to Metaquotes servers and data centers, recompiling and reverse engineering of Metatrader communication protocols, and more.
There are no details about the next court dates.
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Is this Xogee software development firm were involved in developing MT4 apps for major brokers like Alpari etc? I’ve seen their client list and its huge.
yeah I’m the one who got it wrong
yeah I’m the one who got it wrong
Is this Xogee software development firm were involved in developing MT4 apps for major brokers like Alpari etc? I’ve seen their client list and its huge.
We got to save something for the report
We got to save something for the report
Michael will the brokers have any impact on this?
i second that
i second that
Michael will the brokers have any impact on this?
But after June, 2012 when metaquotes stops supporting mt4 builds prior to 416, there might be a shakedown, no?
The bigger issue is metaquotes attempting to assert too much control over how its trading platform can be connected. I suppose they really want to “Apple-ize” their metatrader ecosystem, but still it doesn’t make sense to not allow these people to develop and simply create rules for the development (hint: API)
If a competitor has dropped a superior product or add-on to yours, why not “join them” and learn something from what they do?
Something tells me that not many will follow MB’s example 😉 I can’t see too many brokers actually paying their clients…
Something tells me that not many will follow MB’s example 😉 I can’t see too many brokers actually paying their clients…
But after June, 2012 when metaquotes stops supporting mt4 builds prior to 416, there might be a shakedown, no?
The bigger issue is metaquotes attempting to assert too much control over how its trading platform can be connected. I suppose they really want to “Apple-ize” their metatrader ecosystem, but still it doesn’t make sense to not allow these people to develop and simply create rules for the development (hint: API)
If a competitor has dropped a superior product or add-on to yours, why not “join them” and learn something from what they do?