Patent decision

BL number

O/045/21

Concerning rights in

GB1505456.2

Hearing Officer

Miss J Pullen

Decision date

15 January 2021

Person(s) or Company(s) involved

Renaissance Technologies LLC

Provisions discussed

Section 1(2)

Keywords

Excluded fields (refused)

Related Decisions

None

Summary

The invention relates to a computer-based financial trading system and method capable of executing time synchronized trades in multiple exchanges. The system includes a plurality of servers co-located at the financial exchanges and a trading server. The trading server sends multiple financial trade instructions containing orders and an execution time to each of the co-located servers to be submitted to the financial exchange at the execution time whereby the orders are received at the exchanges substantially simultaneously.

The Hearing Officer applied the Aerotel/Macrossan four step test, considered the AT&T/CVON signposts and found that the contribution fell within the excluded categories of a business method and a computer program as such. The application was refused under section 18(3).

Full decision O/045/21 353Kb