A federal judge dismissed a case against Cboe Global Markets that accused the exchange-operator of benefiting from manipulation of products based on the widely watched Cboe Volatility Index.
US District Judge Manish Shah in Illinois approved a motion on Wednesday that sought to dismiss the claims. A group of investors that bought and sold VIX-linked products had claimed the market was manipulated and that the company profited from a faulty system that caused investors financial losses.
