Appeal 2007-0394
Application 09/769,036
13. Hawkins teaches a system and method that confirms and settles trade
orders placed between brokers from various regions of the world (Hawkins,
Abstract).
14. Hawkins’s method includes, inter alia, transmitting an order message
from an originating broker 100 workstation to a host 102 computer to buy or sell
securities; storing the order message from the originating broker 100 in the host
computer until the executing broker 101 connects to the host; transmitting the
order message from the host to the executing broker workstation; transmitting a
confirmation message from the executing broker workstation to the host after the
order has been executed on an executing exchange; matching the executing
broker’s confirmation message with the originating broker’s message in the host
computer; and settling the order (Hawkins, Fig. 3 and col. 7, ll. 47-67).
15. The transaction and settlement messages are transmitted via a public
data network using a SWIFT format (Hawkins, Fig. 4 and col. 3, ll. 50-52).
16. The originating broker and the executing broker are permitted to
directly enter settlement data on the SWIFT order or the SWIFT confirmations,
respectively. (Hawkins, col. 4, ll. 35-38).
17. The originating broker, host computer, and executing broker may each
be in separate countries (Hawkins, Fig. 4 and col. 8, ll. 15-31).
18. Hawkins does not specifically teach which entity performs the
exchange between currencies when required. However, Hawkins does disclose
that when the execution currency is different from the settlement currency, the
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