FTSE/Xinhua Sued Over Data Contract
INDEXES
SSE Infonet, a unit of the Shanghai Stock Exchange, has filed a lawsuit against Hong Kong-based FTSE/Xinhua Index, a provider of China equity indexes, over its use of Infonet's data, both companies confirm.
Under the terms of a contract between the two parties, FTSE/Xinhua has the right to use Infonet's data to set up indexes based on shares listed on the Shanghai Stock Exchange. However, both sides are now arguing over whether that right extends to licensing derivatives.
The lawsuit follows
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