TOM said it made last year the changes demanded by the Dutch court
Dutch rivals Euronext and The Order
Machine have welcomed a Dutch court ruling on Wednesday morning
that TOM should stop breaching Euronext's intellectual property
rights with Euronext claiming victory and TOM insisting the
ruling will not affect its business as it has already made the
Euronext welcomed the decision by a Dutch
court Wednesday morning to uphold its claim that The Order
Machine (TOM) breached a number of intellectual property rights
while the chief executive of TOM said the decision is a "win
for exchange competition."
The Hague District Court ruled on
Wednesday that TOM and its shareholder BinckBank had infringed
Euronext's database rights and adopted misleading statements
over their price advantages.
The court ruled the infringed database
rights related to options ticker symbols and any breach must
stop within five working days, though that is in effect a
principal legal ruling because BinckBank stopped using the
relevant AEX ticker symbols in the middle of 2013.
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