Nasdaq Files Complaint Against Miami Exchanges Over Trading Tech

Exchange operator accuses rival of infringing on patents in trading systems

Law court gavel
The complaint from Nasdaq alleges patent infringement and theft of trade secrets by Miami International Holdings.

Nasdaq filed a complaint with the US District Court for the District of New Jersey on September 1, claiming that Miami International Holdings (MIH) infringed on a number of its patents relating to its core INET and FTEN technology, in the course of developing its own trading systems for the MIAX Options and MIAX Pearl derivatives markets.

The New York-headquartered operator further alleged it had conducted an investigation of 15 former employees that left Nasdaq for MIH, finding that some

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