26 November 2015

United States Court of Appeals rules in CBOE favour regarding ISE patent infringement

09 April 2014  |  790 views  |  0 Source: The Chicago Board Options Exchange

The Chicago Board Options Exchange, Incorporated® (CBOE®) announced today the United States Court of Appeals for the Federal Circuit ruled in its favor in a seven-year-old patent litigation with the International Securities Exchange (ISE), in which ISE claimed that CBOE's Hybrid system infringed ISE's patent for an automated exchange.

"CBOE is pleased that the Court has concluded what we always knew to be true - CBOE does not infringe ISE's asserted patent. Our unique Hybrid trading system, which combines the best features of electronic and open outcry trading, is just one of the many innovations that have made CBOE the leader in the options industry," said CBOE Holdings CEO Edward T. Tilly.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Who is commenting?

Top topics

Most viewed Most shared
MIT to run fintech degree course
9206 views comments | 36 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8180 views comments | 18 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
8076 views comments | 28 tweets | 31 linkedin
Apple Pay users given a free ride in Londo...
7952 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
7144 views comments | 33 tweets | 41 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job