Patent Lather

The lawsuits, filed in July by a company called IXO/Realtime Data, allege that some of the largest organizations in the US financial industry infringe patents owned by the company covering methods for compression and encryption of datafeeds, prompting one source to say "the entire data industry is under attack."

Companies named in the lawsuits include Morgan Stanley, Bank of America, BNY Mellon, Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase and SWS Group, CME Group, BATS Trading, the Interna