CBOE Wins Illinois Court Ruling Barring ISE Max SPY Index
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CBOE Holdings Inc. won an Illinois judge’s decision preventing International Securities Exchange LLC from offering new options trading based on the McGraw-Hill Cos. S&P 500 Index.
Judge Franklin U. Valderrama in Chicago today ruled that the ISE proposal violated a 2010 court order barring ISE from providing an exchange market for options based on McGraw-Hill’s Standard & Poor’s Financial Services LLC-licensed product.