fZ-01-06
`
`18:39
`
`FROM-+44 1 Z1 245 3930
`
`+44 121 245 3930
`
`T-169
`
`P-001
`
`F-136
`
`WITHERS. ROGERS
`
`EUROPEAN & CHARTERED PATENT AnORNEYS
`TRADE MARK A TI'ORNEYS
`
`With<:r~ & Rigel'S U.P, 7S Colmore Row, Birrningba"' B3 2P.P
`Td; +44 {0}121 145 3900 Fax: +44 (0)121 245 3930
`€-Mail: admm@withmrogers.com Web; www.withcr.;rog~com
`
`By fax
`
`TO:
`CoMPANY: European Patent Office
`FAX NO: 0049 89 2399 4465
`
`YOUR REF:
`
`SUBJECT:
`
`FAX MESSAGE
`No. OF PAGES (INCLUDING COVER): OQ
`FROM: Dr Karl Bamfather
`12 January 2006
`DATE:
`OUR REF: M306789/KJB
`
`European Patent Application ~o. EP l 319 211 Bl
`Click Based Trading Witb Intuitive Grid Display Of Market Depth
`
`Message:
`
`Please see attached
`
`Thls facsimile is ill tended for the addressee only, and may contain confirlentilll or privileged information. If you are not
`the named addressee, plca9e notify us lmme.diately by return facsimile or telcJibOne; do not distribute, copy or disclose
`t)le contents of this facsimile to llllyone else.
`
`PL£ASE LET US KNOW 11\ THE EVENt OF POOR TRANSMJSSIO:'l, OR IF YOU DO NOT RECEIVE ALL PAGES
`
`Withers & Rogers LLP is a limited liabili~;~ partnc:rship regi$rcrc,! in Ensland :ond Wales (register~d numb~ OC310997.). f"- li>l cfmo:nlll""'' nam"" •• avnibblc
`at Goldings Hovsc. 2 Hays Llmt:. LondOJl, SE! 2f!W, its principal plac~ of business ill!O rcgislo:.'<d olf.ce
`
`Page 1 of 30
`
`TRADING TECH EXHIBIT 2054
`IBG ET AL. v. TRADING TECH
`CBM2015-00182
`
`

`
`12-01-06
`
`18:39
`
`FROM-+44 1 Z 1 Z45 3930
`
`WITHERS+ ROGERS
`
`EuROPEAN & CHARTERED PATENT ATTORNEYS
`TRADE MARK ATTORNEYS
`
`+44 I Z1 245 3930
`
`T-168
`
`P.002
`
`F-736
`
`Withers & Rogers UP, Goldiogs House, 2 Hays Llllle, london SEI 2HW
`Ttl: +44 (0)2(} 7663 3500 Fax: +44 (0)20 7663 3550
`E-Mili!: admin@withersrogcrs.com Web: www.withersmgers.com
`
`European Patent Office
`D-80298
`Miinchen
`Gennany
`
`Our Ret: M306789/lUB
`
`Y011rRer
`
`12 January2006
`BY COURIER AND FAX
`Writer's Telephone: +44 (0)121 245 3900
`
`Dear Sirs
`
`European Patent Application No. EP 1319 211 Bl
`Click Based Trading With lntuitil'e Grid Display Of Market Depth
`
`We hereby :file Opposition against the above-referen~;ed European Patent. Please find attached the
`Notice of Opposition {Form 2300.1) together with the Grounds of Opposition (Annex 1) and various
`docwnentation relied upon including prior art patent publications and various exhibits identified in
`the Notice and the Grounds.
`
`Our Records Department are separately attending to payment of the Opposition fee.
`
`YT{(~= =
`
`Dr Karl Barn her
`European Patent Attorney
`WITIJERS & ROGERS LLP
`
`Enc Fonn 1037- By Fax
`Notice of Opposition Form 2300.1 - By Fax
`Grounds ofOpposition (Annex 1)- By fax
`Various Documents- By Courier
`
`Rei. 4 (2005) Lll'
`P•riDcn: Dovid BannC1!llM, Michael Bl•tcbford, Adrian Chcnlc, JciTHoct:, John Ocan. Bo:n DcmJ!Slcr, }<3rlll•J'Ofalbo:t, Simlln Bed<., Howat'd Wrisb•.
`lvor !Wrisou, O.•i<l Prot!. M:ulc Armi~agc•, Colic Jones. David Cro5ton, John Jo0l'5, fiQlln ~1eBridc•, David Elsy, Adrian Tamblins.
`LDwcl ~Bl'lly', )3.IIle$ Groy, Callum Wmdk-, Motlllc"' Gilbtd. Wilhors & Kogen; OJ'DUp l.lP
`• MTTMA. Ali oth~ ]Jilrmers CPA & EPA.
`A5s9<iat .. ; Jim fllbWu,l•ck~ Tolsoo, :>licll• Wollin, NiebolnsJOIIO!. Rusr.cll Barton. R.atbol WoUi1, Kllth~ Cl\l..,,l'u~l Foot,
`Keith 1'an. M•uhcw Allen. David McWilli:liTls. Grogor)'Con:oto.n, lllliannon Tumor, &n LallOO. Shelley l.llnn.
`KMc:n l'lUilips, lbcbd Willinl'J\'1, Mari!ll' fos1cr
`Tun•1~do•s; Rosem~r;t Boom. El' Form•ltko; Kmon Au'ltc:n
`l',.,.<d<~ Dlr«:IO<: Ni<k Dm>gan, ~';.,.nri>•l CoiJ!iollrr: lan Smilh. HR & Admill: Sonia Gr•••••
`Wilhcn & IWJ:cn LLI' is ali..Utod lloMIII)' t>•l'lllmlo.lp rc~i.'I<n:4ln Eoglnd pnd Woks (rogiootornl ~•m!Jet OC3109nl
`with it< prill<ipal ph01:c ol bu>il><'" and "'si"•~cd 6ffi<• ot Goklio~ lloose. l tfa}'> L•n><, Lwdon, S[l 21-!W
`1\1!!0 Dl I R=dtliffSr.tel, Brnnol BSI 6NP ·rol:->44 (0)1 17 925 3030 F._; +44 (0)1 17 925 3530
`60 Holly Walk,l..cami.1goon Spa, Worwickshir< CV)2 4JE Td: +44 (0)19l6 336111 Fo~; +44 (0)11126335519 3nd
`1$Coboorc: Row, Btmin~:~Wrn BJJJIP Tel: +44 (0)121245 3900 Fax; <4~ (0)1~1245 3930
`Received at the EPO on Jan 12, 200619:43:52. Page 2 of 30
`
`Page 2 of 30
`
`

`
`12-01-08
`
`18:40
`
`FROM-+44 121 245 3930
`
`~ Notice of Opposition to a European Patent
`
`L
`
`I
`
`Tabulation Maril$j_
`
`+44 121 245 3930
`
`T-168
`
`P.003
`
`F-736
`
`l
`
`I
`
`To the
`European Patent Office
`l
`
`for EPO us.v only
`
`I.
`
`Patent opposed
`
`OPPO(I)
`
`Dpp" Na.
`Patent No. ~p 1319211 Bt
`01920\83.9
`
`Appllcati on No.
`
`Date of mention of til a 9nn1 i.Uha european Patent Bulletin (All. !17(4), !19(1) EPCI
`
`3/412005
`
`TiDe of th~;~ invention:
`Click Based Trading
`nf M,.r,.,ot-
`r}p_n±h.
`flrst named in the pale!'lt specification
`
`II.
`
`With Intuitive Grid Display
`TRADING TECHNOLOGIES INTERNATIONAL INC
`
`Proprietor of the Patent
`Opponent's or represen~~ve·s refere1lce (rn••'- 15 spaces)
`
`Ill. Opponent
`Name
`
`Address
`
`Rosenthal Conins Otoup LLC
`
`216 West Jackson Boule\lllld
`Fourth FloOt', Chicago,
`Illinois 60606
`USA
`
`~ITHERS & ROGER
`
`OREFI
`
`OPI'0(2) lll lJ Lll
`
`lJSA
`+312 795 763~~
`~ lllrthet opponeol$ see addilional sheet
`
`~312 795 7630
`
`OPP0(9) I I I I I l '- I
`
`Karl Bamfalhet
`
`SUII" of residence or Df principle
`place of bu&i~os•
`
`Tel~>phone/Te!ex/F:;tX
`
`Mullipl~;~ opponents
`
`IV. Authorisation
`
`1. Representative
`(Name only one representative to whom
`nob'ficaliOn is to be madS)
`
`Name
`/
`
`Addrer.s of place of bLisiness
`
`Tel~;~phonelfelexiF<!lC
`
`Adl;litional reptesentative{s)
`
`WilnllfS & Roge"tS llP
`GoldingS Ho~se
`2HaysLane
`L.ondgJ'I SJ;1 2HW
`020 7663 '3000 1
`~ (on additional ~eel/$ee authorisation)
`
`2. E:mployee(s) of the opponent authorioed Name{s):
`fut lhese oppositio<l proceedir'IQS vnder act.
`133(3) EPC
`
`lu!thorlsation(s)
`
`To 1./Z.
`
`EPO Form 2300.1 04.93 webdol
`
`not considered necessary
`
`l?J
`tJ !las/have been registered I
`
`undatNo.
`
`Received at the EPO on Jan 12, 2006 19:43:52. Page 3 of 30
`
`~20 7663 3500
`
`OPP0(5)
`
`1
`
`Page 3 of 30
`
`

`
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`R is~re enclosed
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`+44 121 245 3930
`
`T-169
`
`v. Opposition is filed against
`
`-
`
`the patent as a 1\tlole
`
`- clalm(s) No(s~
`
`VI. Grounds for opposition:
`
`[gl
`
`I
`
`P.004/030
`
`F-736
`
`I
`
`for EPO usa only
`
`Opposition is based on the following grounds:
`lhe subjeekrmtter of the European patent opposed is not patentable (Art 1DO(a) EPC)
`
`(a}
`
`beGat.~se:
`
`-it is not new (Art. 5Z{1); 54 EPC)
`
`-It doGS not involve an inventive step (Art52(1); 55 EPC)
`
`- patentabflily i$ excltJded
`on olher grounds. i.e.
`
`b52(2)(c), 52(2J(d)
`
`I
`
`(b)
`
`the patent opposed does not disclOse the invention in a manner suffielendy clear 11nd oomplete
`for It to be caJTied out by a person skllled in the art (Art. tOO{b) EPC: see Art. 83 EPC).
`
`(c)
`
`the subject-mattar ollhe Jlli\E:nt opposed extends beyond lh~ content of the application/
`of !he earlier appicadoll as filed {Art. lOO(c) EPC, see Art. 1Z3{2l EPC).
`
`VII. Facts and arguments
`(Rule 55(c) ~PC)
`presenWd in support of the opposilicm are submitted herewith on a separ.ote sheet (annex 1}
`
`VIII-
`
`other requests:
`
`~
`~
`~
`
`[
`
`~
`
`~
`
`EPO FDI'ffl 2300.2 04.93 webdot
`
`2
`
`Received at the EPO on Jan 12,200619:43:52. Page 4 of30
`
`Page 4 of 30
`
`

`
`12-01-06
`
`18:40
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`FROiH44 1 Z1 Z45 3930
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`IX. Evidence presented
`
`A.
`
`Publications:
`01- W099/1982t - Publication Date 22 April1999
`1
`
`+44 1 Z1 245 3930
`
`T-168
`
`P.OOS/030
`
`F-T36
`
`for EPO use only
`
`Enclo~d ~[
`will be filoo at a later dale =~
`
`Pulli~tlon
`date
`
`Particular relllVIillCB (page, rolwnn,line, fig.}: FJ915 Page 641ina1S.w p~e 661ine 2
`
`2
`
`02 • W09915a424 • PublicatiOn Dale21 October 1999
`
`Particular JelllVIinte {pag(l, oolumn. ine, fig.): Page 31ine 25 to page 411ne 7
`
`3
`
`03 • W098/49639- Publication Date 5 Novemb$1' 1998
`
`P<Jr11cular relevllnce (!)llge. column, nne, fig.): Page 20 Une 25 ro page 211ine 4
`
`4
`
`D4 -US 5,297.031 -Publication Date 22 Marcll1994
`
`Partiwlar relevance (page, column, line, fig.): CQiumn 10, ~ne 34- Column 14,1ine 64
`
`5
`
`f'arlicular relevance (page, column, line, ftg.):
`
`6
`
`Particolar relevance (paga, coluJM. lin~. flg.):
`
`7
`
`Particular relevance (page, column, lint~:, fig.):
`
`Continued on ~ddltion~l sheet
`
`[
`
`EPO l'orrn 2200.3 04.93 webdot
`
`3
`
`Received at the EPO on Jan 12, 2006 19:43:52. Page 5 of 30
`
`Page 5 of 30
`
`

`
`IZ-01-06
`18:40
`FROM-+44 I 21 24S 3930
`r-------------------+_«_l_Zl_Z_45_3_93_D __ T-168
`
`P.OOGIOSO
`
`F-TSG
`
`B.
`
`Othet" Mldeno,:G
`
`Exhibits
`
`1. Oliglnal Japanese versio~ ofTSE Manual
`
`2. English lrllnSiation of TSE:. Manual
`
`3. Oepositiontransctlpt of Mr Kaw<tsmma
`
`4. Opposition to Til's appficlltion
`
`5. Manual for Rel~se 2.7 of UFFE Ccmnect Prior Art Manuals
`
`6. Manual for Release 3.0 of UFFE Connect Prior Art M~nuats
`
`7A. Manual for Release3.1 o!LtfFEConnect?Jior Art Manuals
`78. Manval for Release 3.2. of UFFE Conne<:t Prior Att Manvals
`7C. Manual for Release 3.3 of UFFE Connect Prior Art Manuals
`
`8. Directory of Softwate Soltldons For UFFE CONNECT
`Exhibit SA
`Directory of Software Solutions For LIFFE Connect lssuG 1 • Oclober 1998
`Exlliblt 86
`Directory of Software SolutiOns For UFFE Connect issue 2 - Febl'llary 1999
`Exhibit8C
`Directtlry of Software Solutions For LIFFE Connect issue 3- June 1999
`E:xhibit8D
`Presentation slides entiUed "UF'FE Conoecl - UFFE'o; new eleelronic trllding platfortn lor futures ·ISV Developers
`Conference- Thursday 24 September 1998"
`
`9. E~cerpts from deposition transcript of !Vir MacGregor al'ld APT documents
`Exhlbit9A
`MacGregor lr.lnscript
`Exhibit9B
`'APT and Training Procedures (AIIlrn ve~on) of the Loodon International Finance Svre Futures Exctlange• Issue
`date 28 Ma11:1'1 1991
`Exhib/1.9C
`APT User Guide Jan11ary 1994
`Exhibit 90
`AttachmGnt to Gene~<~l Notice number 788, lssu$d on 28 December 1995, "APT plus trading pro~ures"
`
`10.Teclll'lieal and marketing material relating to \he IRIS software
`
`11. True and atcUrate copies ofGI. Trade SA's User Guide V 4.51; LIFFE Connect for FI.IIUres
`
`12. Memorand11m Opinion and Order of !he Northern District of l~ino1s, E~stem Division fMoran J. 9 february
`2005).
`
`13. Tf's prior art device, X_ Trader- all versions p1eceding lhe priorl!y date. inc;loding Fi9ure 2 otthe pateol and
`excerpl5 of priotlty appncation us 186322
`
`14. OM Cflck T!'ade User's Guide for Windows NT
`
`Confinuetl on addiliOnalshl:et
`
`[
`
`EPO Form 2300.4 04.93 webdot
`
`4
`
`Received at the EPO on Jan 12, 2006 19:43:52. Page 6 of 30
`
`Page 6 of 30
`
`

`
`12-01-06
`
`18:40
`
`FROIH44 1l1 Z45 3930
`
`+44 I Zl 245 3930
`
`T-168
`
`P.0071030
`
`F-736
`
`foT EPO un only
`
`X. Payment of the opposition fee is made
`0 as Indicated in the enclosed voucher for payment of fees end cost:; (EPO Fotm 1010)
`IZ] By separate instruction relating to o1.1r deposit account
`
`XI. List of documents:
`Enclosure No.:
`
`0 ~ Form for notice ol oppOShlon
`[81 facts and arguments (see VII.)
`
`1
`
`No. of copiV$
`
`D(mil't2)
`
`L::Jtmirt2)
`
`Copies of doo.~ments presented as evl~ence (see IX.}
`2
`28 ~ - Publications
`
`D (min. 2 of each)
`D (mi.-1.2 of each)
`2b ~ - Other documellts
`D
`3 D Signed aulhcrisatitm{s) {see IV.}
`4 D Voueher of payment of fees and costs (see X.) D
`D
`5 D Cheque
`0
`6 ~ Addi~onal sheal(s}}
`D
`7 D Olhet' (please specify hete):
`
`(min. 2 of e;~ch)
`
`~
`
`~
`
`-
`
`1----
`
`1---
`
`1---
`
`1---
`
`1---
`
`-
`
`XII. Signature
`MoppiiJre~
`
`Place
`
`Dr Karl a;)mfiltMr • Common tepTeSenllltive. Birmingham UK
`
`Date
`
`12 Ja~uayy 2003
`
`Plcose prim s\Smo vn<1er sl9n>lure. lo tile =• of logo\ per-.oos.lho posltlon wlllch t!Jc pen;on :liQn,ng 1191~• w;IM~ the comj)&ny shQ,_d alro be
`
`!l'lnted.
`
`EPO Fotm 2300.5 04.93 webdCJt
`
`5
`
`Received atthe EPO on Jan 12,200619:43:52. Page 7 of 30
`
`Page 7 of 30
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`

`
`12-01-06
`
`18:40
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`FROIH44 121 245 3930
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`T-168
`
`P.008/030 H3S
`
`Notice of Opposition to a European Patent- Patent Number EP 1319211Bl
`
`ADDITIONAL SHEET TO FORM EPO FORM 2300.1
`
`II
`
`Proprietor of the Patent- Trading Technologies International Inc
`
`III Multiple Opponents
`
`Name
`
`Address
`
`Name
`
`Address
`
`Name
`
`Address
`
`Peregrine Financial Group Inc
`
`190 S. LaSalle Street
`71h Floor
`Chicago
`fllinois
`60603
`USA
`
`GL Trade SA
`
`48 rue Notre-Dame des Victoires 75002
`Paris
`France
`
`CQGinc
`
`l 050 l7lh Street
`Suite 2000
`Denver
`co 80265
`USA
`
`ADDITIONAL REPRESENTATIVES
`
`WITHERS.ROGERS LLP
`GOLDIXGS HOUSE, 2 HAYS LANE, LONDON> SEl 2HW
`
`D. G. Bannennan
`W. M. Blatchford
`A. J. Cbettle
`J. K- Hogg
`J.P. Dean
`B. J. N. Dempster
`K. J. Barnfather
`S. A. Beck
`
`H. H. B. Wright
`I. S. Harrison
`D. M. Pratt
`D. C. Jones
`D. Croston
`J. B. Jones
`D. Elsy
`A. G. Tornbling
`
`J. Gray
`C. T. Wardle
`M. P. Gillard
`J. M. Ribeiro
`N.J. Wallin
`N. A. Jones
`R.G.Barton
`N. R. Wams
`
`Received at the EPO on Jan 12,2006 19:43:52_ Page 8 of 30
`
`6
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`Page 8 of 30
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`

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`F-736
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`ANNEX ONE
`
`GROUNDS OF OPPOSITION
`
`1.
`
`1.
`
`2..
`
`3.
`
`The purported invention and the claims
`
`In essence, the purported invention set out in the description of the Patent is
`one of a presentation of trading information. 114 of the description makes it
`clear that
`
`''Specifically the present invention is directed to a graphical
`user interface for displaying the market depth of a commodity
`traded in a market, including a dynamic display for a plurality
`of bids and for a plurality of asks in the market for the
`commodity and a static display of prices corresponding to the
`plurality of bids and asks.
`
`Although the description and claims refer also to the ability to place orders
`quickly, no inventiveness is claimed in relation to the method of entry. Rather,
`the ability to place orders quickly and accurately stem from the purportedly
`logical and intuitive way that the information is presented {see 1117}.
`
`The purported invention should be considered in contrast to presentation of
`trading information in prior art (see Fig.2). The Mercury system uses a "static
`vertical column of prices" (~29). This purports to overcome the perceived prior
`
`art problem that ask and bid prices descended as prices increased which was
`
`considered "counterintuitive and difficult to follow by traders" (,28). The
`difference between the prior art and the purported invention is alleged to be
`the difference between Fig.2 and Fig.3. These are both diagrams of computer
`saeens whereby trading information is presented.
`
`4.
`
`Thus, the solution to the stated prio..- art problem is the displaying of trading
`
`information in a manner different to that in the prior art so that it is easier to
`understand at a glance. Furthermore, the method of presentation of trading
`infonnation gives the trader a better feel for the market depth in bids and asks
`and thus market trends for the produa being traded.
`
`5.
`
`Furthermore, in essence, the purported invention does not concern the display
`of hitherto undisplayed infonnation but merely the presentation of normal
`
`Received at the EPO on Jan 12,200619:43:52. Page 9 of30
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`P. 010/030
`
`F-T36
`
`trading information (e.g. in relation to each bid or ask, the price and the
`quantity of the product being bidded for or asked for}.
`
`6.
`
`Apparatus Claims
`1. 1.
`The main apparatus claim is daim 1. All other apparatus claims are dependent
`on this daim.
`
`7.
`
`Claim 1 can be broken down as follows
`
`• Devke comprising an interface consisting of
`
`•
`
`the display of trading information in a particular way
`
`• a means for placing an order by reference to the displayed infonnation
`
`Dependent apparatus clflims
`
`8.
`
`Claims 2 to 28 are dependent on daim 1 and themselves also include second(cid:173)
`generation dependent claims. They can be divided into the following groups:
`
`8.1. Claims 2·3. These claims seek to claim the inclusion of parameters apart
`from the trade order parameter and the price level aligned with a
`particular area (see last indent of Claim 1) to an order message.
`
`8.2. Claims 4-7. These claims seek to claim a device which indudes the ability
`of a user to re-centre the display so that the inside market is on-screen.
`This reflects the difficulty that a moving inside market can cause if using
`a static price display.
`
`8.3. Claims 8-15. These claims seek to claim various ways of displaying the
`"first indicator'' and "second indicator" (see 3rd and 4m indent of Claim 1).
`They are purely concerned with the Visual presentation of the bid and ask
`display regions on the screen.
`
`8.4. Claims 16-17. These do little more than distinguish between bid order
`enby regions and ask order entry regions on screen (such distinction not
`being made in sixth indent of Oairn 1). As such, they are concemed with
`the presentation of infonnation in particular regions on the screen
`(although such regions are interactive)
`
`8.5. Claims 18-21. These seek to claim protection for the display of an
`"entered order'' fiag in relation to a particular price level. Save Claim 21,
`this is purely concerned with the display of information relating to a
`
`Received at the EPO on Jan 12,200619:43:52. Page 10 of 30
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`Page 10 of 30
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`

`
`12-01-06
`
`18:40
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`FROM-+44 121 245 3930
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`+« 121 245 3930
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`particular parameter (N.B. the claim is not to the use of an "entered
`order" flag).
`
`8.6. Claims 22ft23. These seek to claim protection for the display of a "last
`trade" flag for a particular price. Again, this is purely concerned with the
`display of information relating to a particular parameter (again it is not
`concerned with the use of such a parameter).
`
`8.7. Claim 24. This claim is not understood and lacks clarity. It is not clear
`what is meant by "field of static pricesn. In any event, it appears to add
`nothing to the other daims because it is imp\idt in all the apparatus
`claims that the apparatus must display (i.e. generate) the prices in a
`static way.
`
`8.8. Claims 25-26. These seek to claim protection for the display of further
`information relating to the highest bid price and lowest ask price, namely
`the total number of bids and asks at those prices. Again, they are purely
`concerned wfth the displaying of such a parameter and not the use of
`such of a parameter.
`
`8.9. Oaim 27. This claim seeks to claim protection for the display of more
`than one parameter for each indicator. As it is a dependent claim and
`thus must incorporate the integers of Claim 1, the plurality of indicators
`must be associated with the current highest bid or lowest ask price.
`Again, it is concerned with the displaying of infonnation and not the use
`of particular parameters within the apparatus.
`
`8.10. Claim 28 merely claims the displaying of static prices in cells. It is purely
`concemed with the method of displaying prices.
`
`9.
`
`The above claims can be described as either
`
`9.1. claiming further aspects relating to the display of trading information (4-
`7, 8-15, 18-20,22-231 24, 25-26,27,28); f'PUre Display daims'')
`
`9.2. claiming further aspects relating to the display and selection of
`information relating to the placing of trade orders based on the on(cid:173)
`screen information (2-3, 16-17 &. 21). ("Hybrid Claims")
`
`1.2.
`
`Method Claims (29-52)
`
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`10. The method claims dosely follow the apparetus daims. The main claim is Claim
`29 apd ltle other claims (30-52) ·are dependent on Claim 29. Oaim 29 is
`essentially a claim to use of the apparatus in Oaim 1.
`
`11. The following table sets out ltle method daims and the corresponding
`apparatus daim. Shading indicates a grouping of second-generation daims.
`
`METHOD
`
`CORRESPONDING
`APPARATUS
`CLAIM (where such e:xists)
`
`29
`
`30
`
`31
`
`32
`
`38
`
`39
`
`40
`
`41
`
`45
`
`46
`
`47
`
`1
`
`2
`
`3
`
`4
`
`2B
`
`8
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`48
`
`49
`
`50
`
`51
`
`52
`
`9
`
`10
`
`14
`
`15
`
`11
`
`12.
`
`In relation to the other claims \'the Standalone Method Claims"),
`
`12. 1. Claim 30 adds very little to Claim 29. It merely adds the requirement that
`the placing of the order be achieved with a single action (i.e. a mouse
`
`click).
`
`12.2. Claim 38 & 39-41 are, in essence, claims seeking protection for particular
`ways of plating orders based on the display of information relating to
`bids and asks presented on the screen.
`
`12.3. Claim 45 seeks protection for the displaying of a particular area on the
`screen which pennits a trader to delete all working orders. It is merely a
`refinement of Claim 43.
`
`1.3.
`
`Computer Program Claim
`
`13. Claim 53 is for a ''computer program product'' which when executed on a
`computer, implements the method daims. It is thus presumably referring to a
`CD, disk or other recordable media (but oot the computer equipment itself).
`
`2.
`
`is for the presentation of
`The purported invention
`is excluded from patentability under
`information and
`Article 52(2)( d)
`
`Claim 1 and 29
`
`14. The main dairn, Oairn 1 and its associated method claim, Claim 29, in essence,
`relate to a device for a way of presenting trading information. Accordingly, the
`claims are for unpatentable subject matter.
`
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`15. The fact that the claim is framed by reference to a device which displays the
`
`information does not avoid the exclusion. As said in the EPO Guidelines (C-IV,
`2.3.7),
`
`"A representation of information defined solely by the content
`of the information is not patentable. This applies whether the
`daim is directed to the presentation of the information per se
`(e.g. by acoustical signals, spoken words, visual displays,
`books defined by their subject, gramophone records defined
`by the musical piece recorded, traffic signs defined by the
`thereon) or to processes and apparatvs for
`warning
`presenting information (e.g. indicators or recorders defined
`solely by the information indicated or recorded)."
`
`16. The fact that the daim also includes one integer which relates to the placing of
`orders (the last indent of claim 1, the second last indent of Oaim 29) do not
`
`save the principal claims either. The patent does not claim that there is
`
`anything creative or inventive about this and the mere acceptance using a
`
`touch-screen or mouse method of a displayed trade cannot be considered
`creative or inventive. Thus, as said by Singer/Sfiluder ''The European Patent
`Convention: A COmmentary"
`(3n:l Edition), Art.52 (on Presentations of
`
`Information)
`
`If the creative achievement contains nothing that goes
`beyond the presentation of information, thereby causing
`technical effects, it will not be regarded as an invention and is
`hence excluded from patentability (,56)
`
`Apparatus Display and Hybrid aaims
`
`17.
`
`In relation to the Display Claims, they merely relate to further ways of
`presenting information and must be considered unpatentable. In relation to the
`Hybrid daims, nothing creative or inventive is claimed about these methods of
`plating an order and must therefore also be considered to be unpatentable for
`the reasons given in the previous paragraph.
`
`"Use of apparatus'' method claims
`
`18. Where the method claims are simply "use of apparatus" claims which
`correspond to apparatus daims (see table above), the same objections are
`made as have been made with regard to the corresponding apparatus claim
`(see Guide C-IV, ~2.3.7 ibid and reference to "processes").
`
`Standalone Method Oaims
`
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`19.
`
`In relation to the Standalone Method Claims, these claims are similar to the
`Hybrid Apparatus Claims and suffer from the same defect as these suffer from
`see 1115) above.
`
`3.
`
`The purported invention is for a method of doing
`business and/or program for computer and is excluded
`from patentability under Article 52(2)(c)
`
`20. The purported invention and its claims are concerned with a method of doing
`business and/or for a computer program save Oaim 53. Claim 53 is discussed
`below.
`
`21.
`
`It is well-established law under the EPC that a computer program is not
`patentable under Art.52 unless it has a technical effect. That technical effect
`cannot alise from the mere emission of electrical signals.
`
`22. Apart from Claim 53, all of the claims are for computer equipment or the use of
`computer equipment (the method claims) to achieve a particular output of data
`or a particular input of data. The inputting and outputting of data is of course,
`the essence of computer programs. All computer programs require electronic
`apparatus to be executed. Accordingly, the mere framing of a claim as a
`"device that contains a program" is not suffident to overcome the Art.52
`objection.
`
`23. Furthermore, there is nothing technical in the purported invention claimed in
`the description of the Patent. This is not an invention intended to solve a
`technical problem.
`
`24. Furthermore, those claims which refate principally to the inputting of trade
`order and associated information are, in essence, claims to doing business,
`namely the placing of trade orders. As such, they are objectionable as methods
`of doing business.
`
`Computer Apparatlls Claim
`
`25. Claim 53 must be regarded as a claim to a computer program. All computer
`programs must exist on some recordable media. Accordingly, the exemption
`against the patenting of computer programs cannot be avoided by simply
`
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`claiming the computer program on a recordable medium. This would negate
`the exemption in its entirety.
`
`26.
`
`It should be emphasised that Claim 53 is not to "computer equipment running
`
`the program". The wording is for a "computer progrnm product" and it is dear
`from the wording of Claim 53 that although such is intended for execution on a
`computer, the claim is not to the computer.
`
`4.
`
`The purported invention lacks novelty
`
`2.7. Claim 1 consists of a device comprising
`
`• an interface for receiving highest bid and lowest ask price data from
`exchange
`
`• means for setting a trade order parameter
`
`• means for displaying a first indicator which is associated with current highest
`
`bid price for commodity
`
`• means for displaying a second indicator associated with current lowest ask
`plice for commodity
`
`• means for moving the ''inside market" (i.e. highest bid/lower ask spread)
`whilst maintaining the display of prices static
`
`• an order entry region aligned with the static prices and which is selectable by
`user input means which, if selected, result in order being sent to exchange
`based on the trade order parameter and aligned price.
`
`4.1.
`
`Prior patent publications
`
`28. The prior patent publications listed in the Notice of Opposition are relied upon
`for the purpose of prior art. In general, they disclose the use of GUis for
`
`displaying market data.
`
`29. More relevantly, WO 99/19821 (Dl) which was published on 22p~ April 1999 is
`of particular relevance. At p.64, lines 2+p.65 line 9 is described a particular
`market detail interface (Rg.lS). This interface discloses the following integers:
`
`29.1. a vertical display of bid and ask prices in ascending order
`
`29.2. different areas for the bid and ask prices.
`
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`29.3. quantities associated with individual asks and bids;
`
`29.4. the ability to select any order on the screen and hit or lift the order (p.64,
`line 27-29, p.65, line 12-16)
`
`29.5. a last traded price indicator
`
`29A. Also, U.S. Patent No. 5;197 ,Q3I (D4) which was published on 22ru1 March
`1994 is of particular relevance. At column 10, line 34 -column 14, line 64 is
`described a particular trading screen interface (Fig. 2a, and Fig. 2b ). This interface
`discloses the following integers:
`29.1 A a vertical display of bid and ask prices in ascending order
`29.2A different areas for the bid and ask prices.
`29.3A quantities associated with individual asks and bids;
`29. 4A the ability to select any order on the screen and hit or lift the order
`(col. 1 0, lines 60 - 65 "After an incoming order is received in the
`incoming orders pane 120, the broker can either accept or reject it by
`touching the order information line, which is then highlighted in response,
`and then touching the ACCEPT 110 or REJECT 115 ''buttons" on the
`touch-sensitive screen 12.'')
`29.5A a last traded price indicator (col. 12,lines 65-67 "A preferred
`manner for implementing the market bar 137 is to have the bar cover the
`last two prices traded ... ")
`29.6A a price display (col. 12, line 62- ool. 13, line 1 "the movement of
`the market bar 137 in response to rapid. small (one or two price ticks) price changes
`could be confusing if the market bar 137 were arranged to follow each price tick ... _
`a second preferred manner is to have the market bar move only after the price has
`changed two or three price ticks.")
`
`30. These documents Dl and D4 disclose the essential features of Claim 1. It
`being noted that features such as a static price display are not technical
`features and hence cannot contribute to the patentable features of an alleged
`invention under the European Patent Convention Ukewise, Opponents do not
`allege that any prior art that was before the EPO (or any other similar patent
`granting agency in the world) contained a static price display.
`
`4.2.
`
`Third party prior publications and use
`
`31. Each of the following publications desoibes the purported invention described
`in the basic claims, 1 and 29. Ea<;h was published before the best priority date
`
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`available to m. Pursuant to Artide 54, each of these publications
`demonstrates that ffi's invention lacks noveltY.
`
`• Tokyo Stock Exchange Anticipatory Prior Art
`
`32.
`
`In August 1998, the T ol<yo Stock Exchange started use a trading system which
`is described in a prior art manual entitled "Futures and Options Trading
`System, Transaction Terminal Operation Procedures" r'TSE Prior Art Manual").
`The system used and described in the manual was that of an order entry
`system for trading commodities electronically which included the market depth
`for a commodity, the static vertical display of prices and the dynamic display of
`volumes aligned with corresponding prices.
`
`33. Accordingly, this discloses all the features of Oaim 1.
`
`Evidence
`
`34.
`
`In November 2005, a representative of the Tokyo Stock Exchange, Mr. Atsushi
`Kawashima, testified in US proceedings (m Technologies v eSpeed (04 C
`5312)) that the TSE Prior Art Manual described an order entry system as
`referred to above.
`
`35. Mr. Kawashima also testified that the system described in the TSE Prior Art
`Manual was used starting in 1998 [p.lO, Exhibit 3]. The system used a split
`screen displaying prices but did not move prices in the price column if the last
`trade price moved; the price display was static [43-44]. Orders were entered
`via a double-dick of a mouse on a specific part of the screen, including the
`price or associated volume of a bid or ask [53].
`
`35. On Apri\18, 2005, the Tokyo Stock Exchange filed an opposition to the grant of
`m's application for a highly similar patent before the Japanese Patent Office.
`
`Documenwtion
`
`37. Original Japanese version of TSE Manual - Exhibit 1.
`
`38. English translation of TSE Manual- Exhibit 2.
`
`39. Deposition transcript of Mr Kawashima - Exhibit 3.
`
`40. Opposition to ffi's application -Exhibit 4.
`
`41. Further evidence will be provided relating to the Japanese trading system.
`
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`International Financial Futures Exchange
`• London
`Anticipatory Prior Art
`
`42.
`
`In the last quarter of 1998, the London Internation