Trademarked Funds Can Trade Without License

Law360, New York (June 19, 2006, 12:00 AM EDT) -- The International Securities Exchange can trade options without a license on two widely known exchange-traded funds without infringing on the funds’ trademarks, the Second Circuit unanimously confirmed on Friday.

The U.S. Court of Appeals for the Second Circuit upheld the ruling of the U.S. District Court for the Southern District of New York, the ISE announced on Monday, dismissing the complaints of Dow Jones & Company Inc. and Standard & Poor’s, the owners of DIAMONDS and SPDRs, respectively.

When ISE announced its plans to trade on...
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