Dollars and Jens
Tuesday, March 30, 2004
CME sues CBOE's new futures arm over VIX contract
The Chicago Mercantile Exchange has sued the Chicago Board Options Exchange, claiming contracts on the CBOE's new futures exchange violate the CME's exclusive right to trade futures on the S&P 500 and other Standard and Poor's stock indexes.


The CME questioned the legality of CFE's volatility index, or VIX, futures which started trading on Friday, and futures on variance, another aspect of stock index volatility, which are expected to launch in the next few months.

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