Patent decision

BL number

O/219/22

Concerning rights in

GB1800030.7

Hearing Officer

Mr P Thorpe

Decision date

14 March 2022

Person(s) or Company(s) involved

Fidelity National Information Services, Inc

Provisions discussed

Patents Act S1(2)(c)

Keywords

Excluded fields (refused)

Related Decisions

None

Summary

The invention relates to a computer implemented system for maintaining a consolidated audit trail (CAT) of trading events in securities markets. More specifically, a network-based system ("order linkage system") comprises processing systems (including a CAT processor) for receiving event data for orders (such as the type of order, time of order or customer) from CAT reporters (such as broker-dealers and the Financial Industry Regulatory Authority) in order to determine relationships between the orders and order lifecycles for the orders. The system determines linkages between pairs of orders, the linkages representing a hierarchical relationship of parent orders and child orders. During the determination of linkages, the system detects errors in the event data or order lifecycle and outputs error reports to the CAT processors to allow for correction. The hearing Officer found the invention to be excluded as a method of doing business and as a program for a computer. The application was refused.

Full decisionO/219/22  590Kb