MatchbookFX files currency trading patent

MatchbookFX files currency trading patent

MatchbookFX, the online currency trading site owned by GlobalNetFinancial, has filed an application with the US Patent and Trademark Office to secure protection for its electronic trade matching system.

MatchbookFX runs a real-time market for currency buyers and sellers. The proprietary system enables counterparties to deal directly and instantly on each others' prices, without needing to call on a salesperson, dealer, or any other kind of middleman.

"MatchbookFX's innovative matching system is an ideal candidate for a business method patent," says Alex Chartove, a partner at Akin, Gump, Strauss, Hauer & Feld, the law firm behind the patent application. "Matchbook's unique trading platform, which fuses customer and trading methodologies, appears to provide a fundamentally new and different approach that allows customers to achieve results that they could not achieve in the past."

MatchbookFX recently launched a Japanese version of its site, and has plans for future country-specific sites to launch in the near future.

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