Court Opinion

ID: 3066307
Source: CourtListenerOpinion
Date Created: 2015-10-15 00:11:47.481117+00
Date Added: 2024-06-11T11:49:49.482456
License: Public Domain

United States Court of Appeals
      for the Federal Circuit
               ______________________

                 January 29, 2014

                     ERRATA

               ______________________

 REALTIME DATA, LLC (doing business as IXO),
            Plaintiff-Appellant,

                         v.

   MORGAN STANLEY, THE GOLDMAN SACHS
    GROUP, INC., J.P. MORGAN CHASE & CO.,
    MORGAN STANLEY & CO., INC., GOLDMAN
  SACHS & CO., GOLDMAN SACHS EXECUTION &
 CLEARING, LP, J.P. MORGAN SECURITIES, INC.,
      AND J.P. MORGAN CLEARING CORP.
(formerly known as Bear, Stearns Securities Corp.),
               Defendants-Appellees,

                        AND

   CREDIT SUISSE HOLDINGS (USA), INC. AND
    CREDIT SUISSE SECURITIES (USA), LLC,
             Defendants-Appellees,

                        AND

           HSBC BANK USA, N.A. AND
         HSBC SECURITIES (USA), INC.,
              Defendants-Appellees,
2                  REALTIME DATA, LLC   v. MORGAN STANLEY

                         AND

     BNY CONVERGEX GROUP, LLC AND
BNY CONVERGEX EXECUTION SOLUTIONS, LLC,
                 Defendants.
           ______________________

                      2013-1092
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6696, Judge
Katherine B. Forrest.
            -------------------------

    REALTIME DATA, LLC (doing business as IXO),
               Plaintiff-Appellant,

                          v.

 CME GROUP, INC., BOARD OF TRADE OF THE
    CITY OF CHICAGO, INC., NEW YORK
MERCANTILE EXCHANGE, INC. (agent of Nymex),
            Defendants-Appellees,

                         AND

    BATS TRADING, INC., (also known as BATS Ex-
                  change, Inc.)
               Defendant-Appellee,

                         AND

     INTERNATIONAL SECURITIES EXCHANGE,
               Defendant-Appellee,

                         AND
REALTIME DATA, LLC   v. MORGAN STANLEY               3

          NASDAQ OMX GROUP, INC., AND
            NASDAQ OMX PHLX, INC.,
               Defendants-Appellees,

NYSE EURONEXT, OPTIONS PRICE REPORTING
AUTHORITY, NYSE ARCA, INC., NYSE MKT, LLC
   (formerly known as NYSE Amex, LLC), AND
     SECURITIES INDUSTRY AUTOMATION
                CORPORATION,
               Defendants-Appellees.
              ______________________

                      2013-1093
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6697, Judge
Katherine B. Forrest.
            -------------------------

  REALTIME DATA, LLC (doing business as IXO),
             Plaintiff-Appellant,

                             v.

      THOMSON REUTERS CORPORATION,
             Defendant-Appellee,

                            AND

                 BLOOMBERG L.P.,
                 Defendant-Appellee,

                            AND

       FACTSET RESEARCH SYSTEMS, INC.,
               Defendant-Appellee,
4                  REALTIME DATA, LLC   v. MORGAN STANLEY

                         AND

        INTERACTIVE DATA CORPORATION,
                Defendant-Appellee.
              ______________________

                      2013-1095
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6698, Judge
Katherine B. Forrest.
            -------------------------

    REALTIME DATA, LLC (doing business as IXO),
               Plaintiff-Appellant,

                          v.

 CME GROUP, INC., BOARD OF TRADE OF THE
    CITY OF CHICAGO, INC., NEW YORK
MERCANTILE EXCHANGE, INC. (agent of Nymex),
            Defendants-Appellees,

                         AND

    BATS TRADING, INC., (also known as BATS Ex-
                  change, Inc.)
               Defendant-Appellee,

                         AND

     INTERNATIONAL SECURITIES EXCHANGE,
               Defendant-Appellee,

                         AND

          NASDAQ OMX GROUP, INC., AND
REALTIME DATA, LLC   v. MORGAN STANLEY               5

             NASDAQ OMX PHLX, INC.,
                Defendants-Appellees,

NYSE EURONEXT, OPTIONS PRICE REPORTING
AUTHORITY, NYSE ARCA, INC., NYSE MKT, LLC
   (formerly known as NYSE Amex, LLC), AND
     SECURITIES INDUSTRY AUTOMATION
                CORPORATION,
               Defendants-Appellees.
              ______________________

                      2013-1097
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6699, Judge
Katherine B. Forrest.
            -------------------------

  REALTIME DATA, LLC (doing business as IXO),
             Plaintiff-Appellant,

                             v.

      THOMSON REUTERS CORPORATION,
             Defendant-Appellee,

                            AND

                 BLOOMBERG L.P.,
                 Defendant-Appellee,

                            AND

       FACTSET RESEARCH SYSTEMS, INC.,
               Defendant-Appellee,

                            AND
6                  REALTIME DATA, LLC   v. MORGAN STANLEY

        INTERACTIVE DATA CORPORATION,
                Defendant-Appellee.
              ______________________

                      2013-1098
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6700, Judge
Katherine B. Forrest.
            -------------------------

    REALTIME DATA, LLC (doing business as IXO),
               Plaintiff-Appellant,

                          v.

   MORGAN STANLEY, THE GOLDMAN SACHS
    GROUP, INC., J.P. MORGAN CHASE & CO.,
    MORGAN STANLEY & CO., INC., GOLDMAN
  SACHS & CO., GOLDMAN SACHS EXECUTION &
 CLEARING, LP, J.P. MORGAN SECURITIES, INC.,
      AND J.P. MORGAN CLEARING CORP.
(formerly known as Bear, Stearns Securities Corp.),
               Defendants-Appellees,

                         AND

     CREDIT SUISSE HOLDINGS (USA), INC. AND
      CREDIT SUISSE SECURITIES (USA), LLC,
               Defendants-Appellees,

                         AND

            HSBC BANK USA, N.A. AND
          HSBC SECURITIES (USA), INC.,
               Defendants-Appellees,
REALTIME DATA, LLC   v. MORGAN STANLEY               7

                            AND

     BNY CONVERGEX GROUP, LLC, BNY
CONVERGEX EXECUTION SOLUTIONS, LLC, THE
 BANK OF NEW YORK MELLON CORPORATION,
 BANK OF AMERICA CORPORATION, BANC OF
AMERICA SECURITIES, LLC, MERRILL LYNCH &
   CO., INC., AND MERRILL LYNCH, PIERCE,
           FENNER & SMITH, INC.,
                    Defendants.
              ______________________

                      2013-1099
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6701, Judge
Katherine B. Forrest.
            -------------------------

  REALTIME DATA, LLC (doing business as IXO),
             Plaintiff-Appellant,

                             v.

 CME GROUP, INC., BOARD OF TRADE OF THE
    CITY OF CHICAGO, INC., NEW YORK
MERCANTILE EXCHANGE, INC. (agent of Nymex),
            Defendants-Appellees,

                            AND

  BATS TRADING, INC., (also known as BATS Ex-
                change, Inc.)
             Defendant-Appellee,

                            AND
8                  REALTIME DATA, LLC   v. MORGAN STANLEY

     INTERNATIONAL SECURITIES EXCHANGE,
               Defendant-Appellee,

                         AND

          NASDAQ OMX GROUP, INC., AND
            NASDAQ OMX PHLX, INC.,
               Defendants-Appellees,

NYSE EURONEXT, OPTIONS PRICE REPORTING
AUTHORITY, NYSE ARCA, INC., NYSE MKT, LLC
   (formerly known as NYSE Amex, LLC), AND
     SECURITIES INDUSTRY AUTOMATION
                CORPORATION,
               Defendants-Appellees.
              ______________________

                      2013-1100
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6702, Judge
Katherine B. Forrest.
            -------------------------

    REALTIME DATA, LLC (doing business as IXO),
               Plaintiff-Appellant,

                          v.

       THOMSON REUTERS CORPORATION,
              Defendant-Appellee,

                         AND

                 BLOOMBERG L.P.,
                 Defendant-Appellee,
REALTIME DATA, LLC   v. MORGAN STANLEY               9

                            AND

       FACTSET RESEARCH SYSTEMS, INC.,
               Defendant-Appellee,

                            AND

       INTERACTIVE DATA CORPORATION,
               Defendant-Appellee.
             ______________________

                      2013-1101
                ______________________

   Appeal from the United States District Court for the
Southern District of New York in No. 11-CV-6703, Judge
Katherine B. Forrest.
            -------------------------

  REALTIME DATA, LLC (doing business as IXO),
             Plaintiff-Appellant,

                             v.

   MORGAN STANLEY, THE GOLDMAN SACHS
    GROUP, INC., J.P. MORGAN CHASE & CO.,
    MORGAN STANLEY & CO., INC., GOLDMAN
  SACHS & CO., GOLDMAN SACHS EXECUTION &
 CLEARING, LP, J.P. MORGAN SECURITIES, INC.,
      AND J.P. MORGAN CLEARING CORP.
(formerly known as Bear, Stearns Securities Corp.),
               Defendants-Appellees,

                            AND

   CREDIT SUISSE HOLDINGS (USA), INC. AND
    CREDIT SUISSE SECURITIES (USA), LLC,
10                  REALTIME DATA, LLC   v. MORGAN STANLEY

                 Defendants-Appellees,

                          AND

            HSBC BANK USA, N.A. AND
          HSBC SECURITIES (USA), INC.,
               Defendants-Appellees,

                          AND

     BNY CONVERGEX GROUP, LLC, BNY
CONVERGEX EXECUTION SOLUTIONS, LLC, THE
 BANK OF NEW YORK MELLON CORPORATION,
 BANK OF AMERICA CORPORATION, BANC OF
AMERICA SECURITIES, LLC, MERRILL LYNCH &
   CO., INC., AND MERRILL LYNCH, PIERCE,
           FENNER & SMITH, INC.,
                    Defendants.
              ______________________

                      2013-1103
                ______________________

               Decided: January 27, 2014
                Nonprecedential Opinion
                ______________________

Please make the following change to pages 10-12 of the
opinion:

   DIRK D. THOMAS, McKool Smith, P.C., of Washington,
DC, argued for plaintiff-appellant. With him on the brief
were JOEL L. THOLLANDER, of Austin, Texas; ROBERT A.
COTE, BRETT E. COOPER, DANIEL J. MELMAN, LAURA A.
HANDLEY, and LAUREN L. FORNAROTTO, of New York, New
York; and J. MICHAEL HENNIGAN and RODERICK G.
DORMAN, of Los Angeles, California.
REALTIME DATA, LLC   v. MORGAN STANLEY                11

    WILLIAM F. LEE, Wilmer Cutler Pickering Hale and
Dorr, LLP, of Boston, Massachusetts, argued for defend-
ants-appellees. With him on the brief were MARK G.
MATUSCHAK, MONICA GREWAL, and KEVIN PRUSSIA, of
Boston, Massachusetts, and GREGORY H. LANTIER, of
Washington, DC, for defendants-appellees Credit Suisse
Holdings (USA) Inc., et al.; DANIEL A. DEVITO and STACEY
L. COHEN, Skadden, Arps, Slate, Meagher & Flom, LLP,
of New York, New York, and JAMES J. ELACQUA, GARETH
DEWALT, and MICHAEL D. SAUNDERS, of Palo Alto, Cali-
fornia, for defendants-appellees Morgan Stanley, et al.;
ROY W. HARDIN and M. SCOTT FULLER, Locke Lord LLP, of
Dallas, Texas, for defendants-appellees HSBC Bank USA,
et al.; JOHN M. DIMATTEO, Willkie Farr & Gallagher LLP,
of New York, New York, for defendant-appellee Bloom-
berg L.P.; CONSTANCE S. HUTTNER and STEPHANIE L.
DONAHUE, Vinson & Elkins, LLP, of New York, New York,
DAVID J. TOBIN, of Dallas, Texas, and SYED K. FAREED, of
Austin, Texas, for defendant-appellee Thomson Reuters
Corp.; BRIAN E. MORAN, Robinson & Cole, LLP, of Stam-
ford Connecticut, for defendant-appellee FactSet Research
Systems Inc.; and BENJAMIN W. HATTENBACH and ARKA D.
CHATTERJEE, Irell & Manella LLP, of Los Angeles, Cali-
fornia, for defendant-appellee Interactive Data Corpora-
tion.

    JAMES H. SHALEK, Proskauer Rose, LLP, of New York,
New York, argued for defendants-appellees NYSE Euron-
ext, et al. With him on the brief were MARGARET A. DALE
and NOLAN M. GOLDBERG. MICHAEL HAWES, Baker Botts,
LLP, of Houston, Texas, argued for defendants-appellees
CME Group, Inc., et al. With him on the brief were SCOTT
PARTRIDGE and LISA C. KELLY. On the brief for defendant-
appellee International Securities Exchange, LLC, were
MICHAEL M. MURRAY, BRYAN N. DEMATTEO, and RACHEL
H. KAUFMAN, Winston & Strawn, LLP, of New York, New
York, and GEOFFREY P. EATON, of Washington, DC; JOHN
M. CHALLIS and KEITH J. GRADY, Polsinelli, PC, of St.
12                 REALTIME DATA, LLC   v. MORGAN STANLEY

Louis, Missouri, for defendant-appellee BATS Trading,
Inc.; and LYNN E. RZONCA, Ballard Spahr LLP, of Phila-
delphia, Pennsylvania, for defendants-appellees NASDAQ
OMX Group, Inc., et al.
                ______________________