Options Market Copyright Suit Moved To Federal Court

Law360, New York (December 14, 2006, 12:00 AM EST) -- The battle between two rivals trying to control the U.S. options market moved a step forward Tuesday when a copyright infringement lawsuit brought by the Chicago Board Options Exchange Inc. against the International Securities Exchange LLC in Illinois state court was moved to federal court.

The CBOE, the largest U.S. market for equity and stock-index options, filed the suit in November. The Chicago exchange is hoping the suit will stop the ISE from trading two of the most active index options, the Dow Jones Industrial Average...
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