Open Platform: What to Expect When You’re Indexing

Harry Rubin, Michael Kurzer and William Holtzman
18 Jul 2016

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Recent years have seen an uptick in licensing as market data providers actively seek to enforce intellectual property rights in data and indexes. While legal protections for these rights are uncertain, investment managers, exchanges, and other financial service providers should consider the potential risks of using market data and indexes without their owners’permission.

What rights do the providers have to their market data and financial indexes? The US Supreme Court held in the 1991 case Feist

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