18 December 2017
visit www.avoka.com

TOM claims partial victory in Nyse Euronext case

08 July 2013  |  3053 views  |  0 Source: TOM

Today the court in The Hague ruled that trading platform TOM may continue to offer options based on the AEX index and that TOM is allowed to refer to the AEX-index in the description of the options.

Nevertheless, TOM will have to add a new ticker symbol for these options. The ticker symbols refer to the abbreviations used to indicate which option is traded. Euronext had filed a lawsuit against TOM for offering options based on the AEX index and the general use of ticker symbols.

"As offering options based on the AEX index is now also approved by the court as well, an important monopoly of the incumbent exchanges is broken," said Willem Meijer, CEO of TOM.

Three of the four claims Euronext had set, are rejected by the court. The allegation that TOM would spread misleading information is rejected. Also, the claim of Euronext that TOM should change all their other ticker symbols which refer to the AEX, is rejected 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11165 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9850 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7709 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7313 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7268 views comments | 5 tweets | 11 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job