Citi Charged £6.4M for Reporting Error

FRONT PAGE: DATA CONSUMERS

Citigroup has tightened its internal processes, renegotiated its data license with the London Stock Exchange, and paid the LSE £6.4 million for under-reporting its data usage, sources tell Inside Market Data.

The settlement, made late last year, covered the unauthorized usage of data from the LSE over a substantial period of time—possibly over the past decade, multiple sources say.

LSE officials decline to comment. "Citigroup highly values our relationship with the LSE and is committed to meeting

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