CBOE Holdings, Inc : CBOE Holdings Invests in Intellectual Property Exchange International
12/13/2011 | 05:52pm
CHICAGO, December 13, 2011 -- CBOE Holdings, Inc. (Nasdaq:
CBOE) today announced its investment, through an affiliate,
in the Intellectual Property Exchange International (IPXI),
the first financial exchange focused on intellectual
property. In addition, CBOE Executive Vice President Richard
DuFour was named to IPXI's board of directors.
Funding by CBOE and other investors should allow IPXI to
build out its infrastructure and to facilitate the issuance
of Unit License Right™ (ULR) contracts in 2012. ULR contracts
will be designed to allow intellectual property owners to
monetize their patents using standardized contracts and
transparent pricing, versus traditional bilateral licensing
of patents.
"With a history of product innovation, CBOE recognized
the potential for IPXI's vision for trading intellectual
property products," said CBOE Executive Vice President
Richard DuFour. "Intellectual property has an estimated
$9 trillion market value, making it one of the largest U.S.
asset classes. The creation of standardized contracts should
bring tremendous efficiencies to both buyers and sellers of
intellectual property, much like CBOE's introduction of
exchange-traded options did in 1973. CBOE's investment
reflects our desire to be in on the ground floor of
IPXI's effort."
For more information on Intellectual Property Exchange
International, go to .
CBOE Holdings, Inc. is the holding company for Chicago Board
Options Exchange (CBOE), C2 Options Exchange and other
subsidiaries. CBOE, the largest U.S. options exchange and
creator of listed options, continues to set the bar for
options trading through product innovation, trading
technology and investor education. CBOE offers equity, index
and ETF options, including proprietary products, such as S&P
500 options (SPX), the most active U.S. index option, and
options on the CBOE Volatility Index (VIX). Other products
engineered by CBOE include equity options, security index
options, LEAPS options, FLEX options, and benchmark products
such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE's
Hybrid Trading System incorporates electronic and open-outcry
trading, enabling customers to choose their trading method.
CBOE's Hybrid is powered by CBOEdirect, a proprietary,
state-of-the-art electronic platform that also supports C2
Options Exchange (C2), the CBOE Futures Exchange (CFE), CBOE
Stock Exchange (CBSX) and OneChicago. CBOE is home to the
world-renowned Options Institute and , named "Best of
the Web" for options information and education. CBOE is
regulated by the Securities and Exchange Commission (SEC),
with all trades cleared by the OCC.
Forward-Looking Statement:
Certain information contained in this news release may
constitute forward-looking statements, such as the
contemplated exchange and the products to be traded on such
exchange. We wish to caution readers not to place undue
reliance on any forward-looking statements, which speak only
as of the date made.
Media Contacts:
Gail Osten
312.786.7123
osten@cboe.com
Gary Compton
312.786.7612
comptong@cboe.com
Investor Relations Contact:
Debbie Koopman
312.786.7136
koopman@cboe.com
CBOE-C
CBOE®, Chicago Board Options Exchange®, CBSX®, CBOE Stock
Exchange®, CFE®, CBOEdirect®, FLEX®, Hybrid®, LEAPS®, CBOE
Volatility Index® and VIX® are registered trademarks, and
BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, SPXSM and The
Options InstituteSM are servicemarks of Chicago Board Options
Exchange, Incorporated (CBOE). SPXpmSM, C2SM and C2 Options
ExchangeSM are servicemarks of C2 Options Exchange,
Incorporated. Standard & Poor's®, and S&P 500® are
registered trademarks of Standard & Poor's Financial
Services, LLC., and have been licensed for use by CBOE and
C2. Unit License Right™ is a trademark of Intellectual
Property Exchange International.
