According to court documents obtained by FO Week,
Standard & Poor's (S&P) parent company McGraw Hill and
Chicago Mercantile Exchange (CME) have almost reached a
settlement in the case brought against CME over the offering of
futures based on S&P indices.
The case, originally brought last year, asked a New York
judge to confirm S&P's right to allow Chicago Board Options
Exchange to base its VIX volatility contracts on the S&P
500 index. CME objected, saying that it had an exclusive
licence to construct S&P-based products.
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