Ex Parte MADOFF et al - Page 11




          Appeal No. 2004-2085                                                        
          Application 09/272,542                                                      

          Harrington specify "a quantity of the product," this limitation             
          is not argued.  It is noted that claim 1 does not require the               
          order to specify a price; compare claim 14.  Claim 1 does not               
          recite a "contra-side order," as in claim 33, and we conclude               
          that the fact that a contra-side order does not exist does not              
          prevent an offer to sell from being an order.                               
               Appellants argue that Harrington does not suggest orders               
          specifying exposure times (Br16).                                           
               We agree that Harrington does not disclose that the offering           
          specifies the exposure time as discussed in regard to claim 33.             
               Appellants argue (Br16) that Harrington does not suggest               
          "specifying a relative price with a price improvement with the              
          relative price being relative to a generally accepted indicator             
          of a prevailing current market price for the product."  It is               
          further argued (Br16) that the "current best bid" in Harrington             
          is simply the best bid in the auction at the instant in time and            
          is not equivalent to a "generally accepted indicator of a                   
          prevailing current market price."                                           
               The examiner finds that the "best bid" is a "generally                 
          accepted indicator of a prevailing current market price," while             
          an incoming and better bid embodies a "price improvement" (EA14).           
               Appellants reply that the teaching of "better or best bids"            
          does not suggest a generally accepted indicator of a prevailing             
          current market price (RBr5).  It is argued that the word                    

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