Dow Jones and S&P ETF cases against ISE dismissed

12 Sep 2005

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...

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