With CRSP, the pilot will bring index data immediately to asset managers' networks.
Panelists say current market data licensing practices are stuck in the past, and should evolve along similar lines to the music industry, which has dealt with similar intellectual property challenges.
Exchange operator accuses rival of infringing on patents in trading systems
Bloomberg's acquisition of the Barclays Port intellectual property has caused a storm in the fixed-income technology space for investment firms and vendors alike.
Members of law firm Ropes & Gray's intellectual property team discuss the legal precedents behind licensing disputes, and share advice on how firms should treat datasets that might contain copyrightable IP.
The move is part of a reorganization at the exchange as it prepares for a merger with the London Stock Exchange.
Deal will allow both vendors to grow the audience for their products.
From the smallest startup to the largest financial institution, protecting the intellectual property (IP) that drives technology has become a more complicated—but also, potentially more profitable—process.
Companies are turning their attention from the IP in their content to the IP in their content delivery mechanisms, prompting firms fearful of litigation to ditch incumbent technologies and demand contracts that indemnify them against infringement.