NYSE’s Liffe Sues Dutch Options Market TOM Over AEX Products
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NYSE Euronext’s Liffe derivatives market sued The Order Machine, saying the Dutch alternative trading system that’s 25 percent owned by Nasdaq OMX Group Inc. introduced equity-index options without a license.
TOM began offering options based on NYSE Euronext’s benchmark AEX Index for Dutch stocks in January 2013, the companies said separate e-mailed statements today. A hearing is scheduled for June 3, Amsterdam-based TOM said.