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
, 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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