Metaquotes takes Xogee to court claiming it hacked its licenses

We wrote about Metaquotes warning and suing several providers who are abusing or using its protocols and technologies without proper authorization few weeks ago. Today Metaquotes made the information public and disclosed to its clients that one of the firms it's targeting is Xogee. Xogee is a major Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term mobile platforms provider offering mobile trading applications such as MT4 iPhone and Android.

Metaquotes states that on March 15th it received a court order prohibiting Xogee from selling products that use the Metatrader 4/5 technology. Metaquotes also claims that despite the order these products are still being sold.

A total of 9 injunctions were imposed on Xogee and 2 its employees including the prohibition of: selling and leasing the iPhone/iPad/Blackberry/Android Trader for MT4, connecting to Metaquotes servers and data centers, recompiling and reverse engineering of Metatrader communication protocols, and more.

There are no details about the next court dates.