"No Intellectual Rights for Market Data," Says Citi Lawyer

ATHENS - Data is not covered by intellectual property rights, but vendors are increasingly claiming rights and adding usage rights in contracts with clients, according to a panel at the FISD World Financial Information Conference in Athens.

"There are no intellectual property rights in market data," said Meredith Gibson, senior vice-president and counsel, IP and O&T Law Group, Citi, explaining that "strings of numbers have no copyright in them." "The last time judges looked at (this topic in the