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ARTICLE · 09 AUGUST 2018

Australian Patent Office Refuses Patent For Financial Trading Method

Davies Collison Cave
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In April 2018, the Australian Patent Office held the hearing of BGC Partners Inc [2018] APO 27, in which it refused a patent application in the area of financial trading for failing to claim patentable subject matter.

AustraliaIntellectual Property
Mattia Pagani
Mattia Pagani
Chris Carter
Chris Carter
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In April 2018, the Australian Patent Office held the hearing of BGC Partners Inc [2018] APO 27, in which it refused a patent application in the area of financial trading for failing to claim patentable subject matter.

Although this outcome may seem unsurprising given the well-established ineligibility of business methods for patent protection, it is worth noting that the invention was framed by the patent applicant as a technical innovation for improving the efficiency of electronic trading systems. Ultimately, however, the Patent Office took the view that the substance of the invention was not a technical improvement, but a business improvement, and thus it was unsuited to patent protection.

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