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| | S&P Licenses Trading of SPDR Options |
 | | On January 6, 2005, Standard & Poor's was granted a Temporary Restraining Order preventing ISE from listing SPDR options without a license from Standard & Poor's, which Standard & Poor's maintains is necessary for the use of its index-related intellectual property. |
 | | "The great interest in SPDR options is an affirmation of the enormous value that Standard & Poor's indices create in the market worldwide." About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. |
 | | With 6,000 employees located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-10-2005/0002814916&EDATE= (316 words) |
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