Ex Parte MADOFF et al - Page 22




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

          separate limitations.  The examiner concludes that it would have            
          been obvious to apply Harrington to the prior art sealed-bid and            
          silent and blind auction, but this does not address the specifics           
          of the modifications or the claim as a whole; e.g., if Harrington           
          implemented a sealed-bid auction, what would correspond to the              
          "relative indications" and the "responses to orders"?                       
               We conclude that Harrington does not disclose or make                  
          obvious the limitations of "predefined relative indications                 
          specifying a quantity and being undisclosed to participants in              
          the market until and unless matched with an order" and having               
          both "relative indications" and "responses to orders."  In                  
          addition, Harrington does not disclose that the "orders specify a           
          price," as discussed in connection with claim 14, or "contra-side           
          orders," as discussed in connection with claim 33, or that the              
          system "determine a match to a first order with the predefined              
          relative indications, responses and contra-side orders during an            
          interval determined by the exposure time specified by the first             
          order."  The rejection of claims 40 and 65-70 is reversed.                  

          Group VIII: claims 55-58                                                    
               Claim 55 is representative.                                            
               Appellants argue (Br31) that Harrington does not teach or              
          suggest an "order specifying a condition that seeks a specific              
          minimum relative price improvement."  It is argued that "[w]hile            
          Harrington teaches minimum increments and whether to allow all              
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