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Wednesday, April 7, 2010 as of 11:14 AM ET

Chicago Board Options Exchange

The Chicago Board Options Exchange (), located at 400 South LaSalle Street in Chicago, is the largest U.S.

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CBOE Claims Victory Over ISE In Legal Fight Over Index Options

The parent of the Chicago Board Options Exchange on Friday claimed victory over a rival stock-options market in a years-long battle over the right to offer contracts on major stock-market indexes.

The Illinois Appellate Court ruled in favor of CBOE Holdings Inc. (CBOE) and major index providers in a legal dispute with the International Securities Exchange, which has sought to list its own options linked to equity benchmarks such as the Standard & Poor's 500 and the Dow Jones Industrial Average."We are obviously gratified that the court has ruled in CBOE's favor," said William Brodsky, chairman and chief executive of CBOE, in a statement.A spokeswoman for the ISE said the exchange would "evaluate all of the options to determine next steps," but declined further comment. The ISE is a unit of Germany-based exchange company Deutsche Boerse AG (DB1.XE, DBOEF).At issue are options contracts on widely followed indexes that trade exclusively on CBOE's markets, thanks to licensing agreements bet...

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