Bank Initiative Targets Index License Standards

contract-draft

An industry initiative to standardize the terms used to define the distribution rights of trading and investment firms that consume index data has outlined proposals for standardized contract terms, and is in the process of engaging end-user firms and index providers in the initiative.

By defining new ways to address the lack of standard terms used in license agreements that describe how indexes can redistributed -- which can even differ between different contracts signed by the same provider --

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