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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (20664)1/6/2005 11:52:56 PM
From: mishedlo  Read Replies (1) of 116555
 
Court order blocks S&P 500 ETF options (MHP, SPY) By John Spence
BOSTON (CBS.MW) -- McGraw Hill Companies (MHP) was granted a temporary restraining order late Thursday preventing the International Securities Exchange and the Options Clearing Corporation from trading and clearing options on an S&P 500 exchange-traded fund (SPY) on the ISE without a license from Standard & Poor's, a financial services unit of McGraw-Hill. "We are pleased by this initial development in the case, and continue to hope that ISE will be willing to enter into a license agreement with us to list and trade SPDR options," said Kathleen A. Corbet, head of Standard & Poor's, in a statement.
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