Judge Orders Lower Fees, Revised Contracts In Pont-ASX Dispute

THIS WEEK'S LEAD STORIES

In his final orders, the Australian Federal Court judge in Pont Data (Australia) Pty.'s dispute with the Australian Stock Exchange (ASX) this month confirmed that the ASX's contracts with data vendors for the supply of its Signal C data feed breached sections of the Trade Practices Act. Justice Wilcox ordered that the offending clauses be excised. The clauses had required payment by Pont of a license fee and delivery to the ASX of Pont's client list.

Signal C is Pont's sole source of bid/ask