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Chief Judge Sleet: Terms Construed in Fifth Market

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Last week, in Fifth Market, Inc. v. CME Group, Inc, C.A. No. 08-520-GMS, Chief Judge Sleet issued a claim construction order construing the following terms:

  • price
  • algorithm
  • trader terminal[s]
  • algorithmic . . . orders
  • security instrument
  • equity market[s]
  • negotiating
  • independent variable
  • dependent variable
  • external
  • incoming orders
  • one security [item]
  • which may be used as
  • through the use of the external multiple data sources


Fifth Market (08 530 GMS)

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