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You are here: BAILII >> Databases >> United Kingdom Intellectual Property Office Decisions >> eSpeed Inc (Patent) [2004] UKIntelP o27604 (9 September 2004)
URL: http://www.bailii.org/uk/cases/UKIntelP/2004/o27604.html
Cite as: [2004] UKIntelP o27604
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eSpeed Inc [2004] UKIntelP o27604 (9 September 2004)
For the whole decision click here: o27604
Patent decision
- BL number
- O/276/04
- Concerning rights in
- GB0217203.9
- Hearing Officer
- Mr S Probert
- Decision date
- 9 September 2004
- Person(s) or Company(s) involved
- eSpeed Inc
- Provisions discussed
- PA1977 Section 1(2)(c); Rule 39 PCT
- Keywords
- Excluded fields (refused)
- Related Decisions
- None
Summary
A method of limiting exposure to financial risk by imposing a monetary limit on the accumulated value of trades (e.g. bonds, futures etc.) that a trader can make in one day. Because a significant number of bids or offers may fail during the course of the day, the idea behind the invention is to take account of these failed bids/offers when deciding whether or not a trader has reached his/her credit limit. This is done by subtracting the value of failed trades from the total value of offers and bids accumulated by a trader during a day's trading. The final step of the invention involves shutting off the trader's ability to trade over the system when his/her credit limit has been exceeded.
The Hearing Officer concluded that the invention was a method of doing business as such.
Although the method uses a computer program, the Hearing Officer considered that the computer program was purely incidental, and he did not regard the invention as relating to a program for a computer as such.