Standard & Poor's Signs New Licensing Pact With CBOE, Ending Dispute

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McGraw-Hill Inc.'s Standard & Poor's Corp. and the Chicago Board Options Exchange have settled their dispute over the CBOE's licensing of the S&P 500 and 100 indexes, on which the CBOE lists options. Standard & Poor's had sought to terminate their 1983 licensing agreement, alleging that the exchange had damaged the company's business by applying "overboard" interpretations of the contract.

Standard & Poor's and the CBOE issued a statement Dec. 26 saying the two companies had signed a new agre