Shanghai Stock Exchange sues FTSE/Xinhua Index
Does data-usage agreement cover derivatives?
Hong Kong-based FTSE/Xinhua Index, a provider of China equity indexes, has received a lawsuit filed against it by SSE Infonet, a unit of the Shanghai Stock Exchange, but denies any breach of contract related to its use of Infonet's data in index futures contracts launched on September 5.
Under the terms of a contract between the two parties, FTSE/Xinhua has the right to use Infonet's data to set up indexes based on shares listed on the Shanghai Stock Exchange. However, both sides are now arguing
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