sse-infonet-begins-case-against-ftse-xinhua

SSE Infonet begins case against FTSE Xinhua

China index market heats up as Shanghai exchange begins breach of contract case against FTSE Xinhua.
October 12, 2006
The already heated battle for space in the China equities indices market has escalated with the start of SSE InfonetÆs court case against FTSE Xinhua FXI on Wednesday. This case began one day after the launch of MSCI BarraÆs indices targeting qualified domestic institutional investors.

The subject of SSE InfonetÆs claim is its agreement to provide data to FXI for its indices. It essentially argues that FXI cannot sell index information to other parties for the purpose of creating investment products.

SSE Infonet is an information provider controlled by the Shanghai Stock Exchange. The company could not be reached for comment.

SSE InfonetÆs breach of contract claim was launched in Shanghai on 28 August, after...
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