Dow Jones, Cantor Settle Data Suit
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Dow Jones & Co. last week agreed to settle out of court a lawsuit it had brought against Cantor Fitzgerald over the use of the broker's data by defunct data vendor Telerate.
The origins of the suit date back to 1981, when Cantor and Telerate signed a 25-year agreement under which Telerate became the exclusive supplier of the broker's US Treasury prices. In 1989, Dow Jones bought Telerate, but after nine years it abandoned its play as a market data vendor and sold Telerate to Bridge Information
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