An Illinois Circuit Court judge "stayed" the Chicago
exchange dispute over volatility products last Wednesday,
effectively extending the negotiation period for both
The judge suspended the case for 45 days in April to allow
both sides time to find a solution. Chicago Mercantile Exchange
(CME) sued Chicago Board Options Exchange (CBOE) on the grounds
that the VIX and variance futures, launched on CBOE Futures
Exchange (CFX) infringe CME's exclusive licence to trade
futures on the S&P 500 and other S&P index products.
CBOE argues the suit is without merit and it has the exclusive
license to offer VIX and variance futures.
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