January 29, 2014 ERRATA REALTIME DATA, LLC (doing business as IXO) v. Morgan Stanley, the Goldman Sachs Group, Inc., J.p. Morgan Chase & Co., Morgan…

United States Court of Appeals
for the Federal Circuit
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January 29, 2014
ERRATA
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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,

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REALTIME DATA, LLC v. MORGAN STANLEY 2
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

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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,

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REALTIME DATA, LLC v. MORGAN STANLEY 4
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

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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

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REALTIME DATA, LLC v. MORGAN STANLEY 6
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,

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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

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REALTIME DATA, LLC v. MORGAN STANLEY 8
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,

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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,

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REALTIME DATA, LLC v. MORGAN STANLEY 10
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.
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2013-1103
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Decided: January 27, 2014
Nonprecedential Opinion
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Please make the following change to pages 10-12 of the
opinion:
D IRK D. THOMAS, McKool Smith, P.C., of Washington,
DC, argued for plaintiff-appellant. With him on the brief
were J OEL L. THOLLANDER , of Austin, Texas; ROBERT A.
COTE , BRETT E. COOPER , D ANIEL J. MELMAN , LAURA A.
H ANDLEY, and LAUREN L. FORNAROTTO, of New York, New
York; and J. MICHAEL HENNIGAN and RODERICK G.
D ORMAN , of Los Angeles, California.

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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 G REGORY H. LANTIER, of
Washington, DC, for defendants-appellees Credit Suisse
Holdings (USA) Inc., et al.; DANIEL A. DE VITO and S TACEY
L. COHEN , Skadden, Arps, Slate, Meagher & Flom, LLP,
of New York, New York, and J AMES J. ELACQUA , GARETH
D E WALT , and MICHAEL D. S AUNDERS, of Palo Alto, Cali-
fornia, for defendants-appellees Morgan Stanley, et al.;
ROY W. H ARDIN and M. SCOTT FULLER , Locke Lord LLP, of
Dallas, Texas, for defendants-appellees HSBC Bank USA,
et al.; J OHN M. D IMATTEO, Willkie Farr & Gallagher LLP,
of New York, New York, for defendant-appellee Bloom-
berg L.P.; CONSTANCE S. HUTTNER and S TEPHANIE L.
D ONAHUE , Vinson & Elkins, LLP, of New York, New York,
D AVID J. TOBIN , of Dallas, Texas, and S YED 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. H ATTENBACH and ARKA D.
CHATTERJEE , Irell & Manella LLP, of Los Angeles, Cali-
fornia, for defendant-appellee Interactive Data Corpora-
tion.
J AMES H. S HALEK, 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 N OLAN M. G OLDBERG. MICHAEL HAWES, Baker Botts,
LLP, of Houston, Texas, argued for defendants-appellees
CME Group, Inc., et al. With him on the brief were S COTT
PARTRIDGE and LISA C. KELLY. On the brief for defendant-
appellee International Securities Exchange, LLC, were
MICHAEL M. MURRAY, BRYAN N. D E MATTEO, and RACHEL
H. K AUFMAN, Winston & Strawn, LLP, of New York, New
York, and G EOFFREY P. EATON , of Washington, DC; J OHN
M. CHALLIS and KEITH J. GRADY, Polsinelli, PC, of St.

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REALTIME DATA, LLC v. MORGAN STANLEY 12
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.
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