According to court documents obtained by FO Week, a
New York District Court judge has ruled to dismiss cases
brought against International Securities Exchange (ISE) by
McGraw Hill and its subsidiary Dow Jones Indexes over the
exchange's respective listing of options on the firms' Spiders
and Diamonds ETFs.
As a result, it appeared that the index firm would be unable
to claim exclusivity on the writing of products based on its
indices, as other exchanges followed ISE to list Dow
Jones-based ETF options.
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