S&P Dow Jones Indices Wins Intellectual Property Dispute
NEW YORK, May 13, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today that the United States Supreme Court has denied the International Securities Exchange's (ISE) petition to review the Illinois Appellate Court's decision that permanently restrained and enjoined ISE from listing or providing an exchange market for the trading of S&P 500® and Dow Jones Industrial Average® options and enjoined OCC from issuing, clearing or settling the exercise of such ISE options.
"The United States Supreme Court ruling reinforces the intellectual property rights of S&P Dow Jones Indices and other index providers whose expertise, time and knowledge in creating stock market indices have served as the origin for immeasurable innovation in the world's financial markets," says Alexander Matturri, Chief Executive Officer of S&P Dow Jones Indices. "We are pleased that the nation's highest court has drawn a successful conclusion to this long running litigation."
For more information on S&P Dow Jones Indices, please visit: www.spdji.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices