Ex Parte Madoff et al - Page 10



        Appeal No. 2006-1179                              Παγε 10                     
        Application No. 10/242,532                                                    

        satisfies the price of the received order.’”  The examiner’s                  
        position is found on pages 6-8 of the answer.                                 
            In the reply brief, appellants argue (pages 5 and 6) to the               
        effect that in Lupien, receiving an order does not start a                    
        crossing of satisfaction density profiles, but rather that the                
        calculation of figure 8, step 112 starts a crossing.  It is                   
        argued (reply brief, page 6) that Lupien does not describe                    
        auctions, does not start an auction or for that matter a crossing             
        upon receiving an order.  It is further argued (id.) that                     
            Appellant’s [sic, appellants’] claim 41 recites                           
            properties of “pre-defined relative indications” and                      
            “orders” that are distinct from each other.  Appellant                    
            [sic, appellants] claims two distinct elements, whereas                   
            Lupien teaches two closely related elements orders and                    
            satisfaction density profiles that represent the                          
            orders.  In contrast, Lupien does not have any analogue                   
            for “pre-defined relative indications, since neither                      
            the orders nor the satisfaction density profiles                          
            possess all of the claimed features of the pre-defined                    
            relative indications.                                                     
                                                                                     
            A claim is anticipated only if each and every element as set              
        forth in the claim is found, either expressly or inherently                   
        described, in a single prior art reference.  Verdegaal Bros. Inc.             
        v. Union Oil Co., 814 F.2d 628, 631, 2 USPQ2d 1051, 1053 (Fed.                
        Cir.), cert. denied, 484 U.S. 827 (1987).  The inquiry as to                  
        whether a reference anticipates a claim must focus on what                    














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