FTSE, SSE Settle Index Data Dispute
In 2006, a Shanghai court ruled that FTSE Xinhua Index had violated its contract with SSE, after SSE's data arm InfoNet claimed that the terms of an existing contract did not extend to licensing derivatives. The court invalidated the contract and ordered FTSE Xinhua to pay $20,000 to InfoNet (IMD, Nov. 13, 2006).
Sources say FTSE has now signed a revised agreement with SSE for future licensing of the data, and will pay a compensation package to cover use "without permission" since 2007, since the
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