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Court upholds rights in options indexes

Eileen McDermott, New York

An Illinois court has ruled that two US options exchanges cannot offer options listings on indexes to which the Chicago Board Options Exchange (CBOE) holds an exclusive licence

CBOE, Dow Jones & Company and The McGraw-Hill Companies sued the International Securities Exchange (ISE) and the Options Clearing Corporation (OCC) in 2006.

They alleged that ISE and OCC were attempting to misappropriate their IP rights in the Dow Jones Industrial...

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