Judge To Telerate: You Can't Dump Patriot MBS Service

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Market Data Corp. (MDC), the data distribution unit of Cantor Fitzgerald L.P., has beaten Dow Jones Telerate in court, winning an injunction that prevents Telerate from dropping MDC's Patriot mortgage-backed securities pricing service. However, in its decision, the court emphasized that it was interpreting the case on narrow grounds -- giving greater emphasis to one of several agreements that were introduced as evidence -- a fact that suggests more litigation could follow.

As a result -- tho

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