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You are here: BAILII >> Databases >> United Kingdom Intellectual Property Office Decisions >> HotSpot FX, Inc. (Patent) [2007] UKIntelP o18207 (28 June 2007)
URL: http://www.bailii.org/uk/cases/UKIntelP/2007/o18207.html
Cite as: [2007] UKIntelP o18207
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HotSpot FX, Inc. [2007] UKIntelP o18207 (28 June 2007)
For the whole decision click here: o18207
Patent decision
- BL number
- O/182/07
- Concerning rights in
- GB 0507205.3
- Hearing Officer
- Mr A Bartlett
- Decision date
- 28 June 2007
- Person(s) or Company(s) involved
- HotSpot FX, Inc.
- Provisions discussed
- Section 1(2)
- Keywords
- Excluded fields (refused)
- Related Decisions
- None
Summary
The application relates to a system for facilitating transactions of financial instruments between a plurality of trader workstations in which if bids and offers are automated they are prevented from being matched.
The Hearing Officer applied the four step test from the Court of Appeal in Aerotel Ltd v Telco Holdings Ltd (and others) and Macrossan’s application [2007] RPC 7. Identifying the contribution made by the invention as “a computerized trading system which prevents transactions being completed if it is determined that bids or offers are automated with the result that the trading system is more stable and less likely to crash when there are too many trades in too short a time”; he went on to find that this was a method of doing business and a program for a computer as such and refused the application.