Thursday, January 04, 2007

This is Patently Mad

Financial Services firms rushing to the patent office.

Details of a Goldman patent for reducing volatility. And this is the patent that Goldman just got for diddling.

What does this mean for small companies developing financial software? I know a few people developing new trading packages which they hope to sell. Hope you guys are engaging a patent attorney.

Whenever I came out with a new product through Magma Systems, the first thing I would do was to copyright the code. At that time, you needed to send the "first 100 and last 100 pages" of the souce code to the copyright office.

(thanks to Terry for the first link)

©2007 Marc Adler - All Rights Reserved

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