ISE and CBOE Go to Trial in Automated-Markets Patent Fight
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International Securities Exchange LLC, an electronic options-trading forum, is set to renew legal hostilities with Chicago Board Options Exchange Inc. in a fight over an automated trading patent.
Jury selection began today at the federal courthouse in Chicago for a trial that U.S. District Judge Joan Lefkow told the prospective panelists may last into early April. The case is one of at least four legal disputes between Deutsche Borse AG-owned ISE and CBOE Holdings Inc., the Chicago-based operator of the biggest U.S. options exchange.