Just like the English language. Didn't someone already put that down in words. However, there are new books, literature, songs and poetry written everyday. So who is being naive. If there is, my associates and I have yet come across anything similar, and we've been doing this for a long time. We haven't even discussed photography...
Yes, new books everyday... does not mean you can patent the English language. No patent, just copyright... New systems everyday to trade... based on math, occurency, maybe even the allingment between the moon and the earth, who knows what. It's like coca cola, no patent can be given to something with indrigients know to the public. I have no doubt about it that you will find a specialist in patents that will make you believe you are 'right' to patent your system. But how are you going to know, one that somebody is using some part of your system, and two, how are you going to prove that the trader has breach your patent? Save your money. Make a blackbox or non disclouser argreements with your system, if you have the need to 'share' it with other traders. It will be more actionable in the court of law then a patent.
I'm not all that interested in patenting my system. I have ex-coworkers from uspto willing to discuss the topic. I met with them over drinks . FYI business procedures and process can be patented but it's a highly specialized area, I will be back in DC next week and meet with couple of specialist over drinks. It's interesting how ET experts with no experience what so ever give advise. All i want to do is listen to experts for free before i talk to lawyers who want to take my money regardless of out come.
That was all I wanted to see, my friend. Listening to some specialist would hurt no one. But your specialist has a bais...
It's because plenty have gone down this path before and understand the common-sense behind it. How can you enforce a patent when others can be using it and you'd never know or without even knowing your patent exists? Patents are good for ideas behind product development and things that are exposed to the market. e.g technology behind the Apple IPhone etc. Are you going to subpoena every other system developer's trading records on the suspicion that they might be using some or all of the logic in your algorithm. Think about what it takes to enforce an algorithm patent. You need evidence or reasonable suspicion to get subpoenas of trading records, you need to prove from the evidence there's a breach by analysing trading records, you then need to provide full details of your algorithm in court and prove that the defendant's algorithm is in breach of your patent. Hope you've got a massive legal budget, most intellectual property lawyers won't even touch this type of litigation for under six figures. The more informed you become the more you'll realise it's the dumbest idea ever.
Based on the thread title, and all the relevant discussion in this thread, does the above statement nullify the thread's existence? Like time and anti-time colliding (heard about it in the ST:TNG series finale).
Regardless of my position. Since the patent examiners are willing to discuss the topic, wouldn't it be wise to listen? How about i recruiter 1 or 2 of them for my startup and let them setup patents. Maybe a lawyer also...
Of course they do, but they also have their reputation on the line. No need to worry, no money is exchanged hands over drinks...
Yeah, Brad Matsuyama is one of them. How many are familiar with? Or is it just hear say, like most in here. Nothing wrong with listening to what patent specialist have to say. Worst things can happen, one of them is paying patent attorney's retainer before completing due diligence.
There is a key difference between what Brad Katsuyama is trying to accomplish and what trading is. Allthough he may started out as a trader, he is making way of new router system for orders, and that, my friend is patentable. Not his trading. Ask him...