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.