Data Misuse: Piracy or Just Uncharted Waters?

"Data piracy is not simple, because market data itself is not simple in terms of how and where it is used," which can include many functions besides trading, said Reg Pritchard, FISD executive committee member and managing director of UK consultancy Rights Management Associates. "The challenge is to protect data owners from abuse, but to allow this essential lifeblood to flow," he said.

Craig Bradley, managing director of audit consultancy MicroRose, says that in many cases, misuse has a more