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."
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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.
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