Nasdaq slams upstart rival IEX with an intellectual property lawsuit

REUTERS/Natalie Behring

• Nasdaq, the exchange operator, has filed a lawsuit against upstart rival IEX in a New Jersey court.
• It claims IEX, the exchange made famous in the popular book "Flash Boys," used its intellectual property and it is seeking compensation. 

Nasdaq, the exchange operator, filed a patent infringement lawsuit against IEX, the company made famous in Michael Lewis' hit book "Flash Boys," in federal court in New Jersey, the company announced Thursday. 

Nasdaq alleges that IEX used seven of its patented electronic trading technologies, which Nasdaq says cost "millions of dollars in investment over decades."See the rest of the story at Business Insider

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