BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Intellectual Property Office Decisions |
||
|
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 |
||
[New search] [Printable PDF version] [Help]
For the whole decision click here: o27604
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.
