Appeal 2007-0394
Application 09/769,036
SUMMARY OF DECISION
We AFFIRM.
THE INVENTION
Appellants claimed invention is to a system for trading securities and
commodities. Claims 3 and 26, reproduced below, are representative of the subject
matter on appeal.
3. A computerized system for trading securities and
commodities, comprising:
a computerized introducing affiliate in a first country suitable
for accepting a transaction order from a customer and transmitting
said transaction order electronically, said transaction order being for
the handling of a security or commodity;
an exchange on which said security or commodity is traded;
a computerized executing affiliate in a second country suitable
for electronically receiving said transaction order and executing said
transaction order on the exchange; and
a global hub connected between said introducing affiliate and
said executing affiliate, wherein said global hub electronically routes
said transaction order from said introducing affiliate to said executing
affiliate,
wherein said transaction order is to sell an equity, and said
executing affiliate electronically transmits proceeds from said sale of
said equity to said global hub.
26. A method of buying a security or commodity, comprising:
entering a transaction order into a first computerized system,
said transaction order being for the purchase of a security or
commodity;
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