Court Ends Nymex-ICE Price Dispute

Nymex tried to appeal a decision by the Second Circuit Court of Appeals last August, which dismissed its case that ICE was unlawfully using Nymex settlement prices as an input to derive ICE settlement prices for clearing and settling trades. The case, which dates back to 2002, alleged that the prices constitute intellectual property, and their use breached Nymex's market data agreement and infringed its copyright.

ICE has always maintained that the prices are public facts rather than "origina