C2 Exchange Asks Federal Court to Rule on Trading System
This article is for subscribers only.
A new options exchange owned by CBOE Holdings Inc. asked a U.S. court yesterday to rule that the trading system it will use doesn’t infringe on a patent held by the International Securities Exchange.
C2 Options Exchange, which filed for a “declaratory judgment” in federal court in Illinois, is an electronic market that plans to begin trading equity derivatives contracts this month. CBOE Holdings also owns the Chicago Board Options Exchange, the largest venue by volume traded.