"No intellectual rights for market data," says Citi lawyer

Data is not covered by intellectual property rights, but vendors are increasingly claiming rights and adding usage rights in contracts with clients, according to a panel at the FISD World Financial Information Conference in Athens. "There are no intellectual property rights in market data," said Meredith Gibson, senior vice-president and counsel, IP and O&T Law Group, Citi, explaining that "strings of numbers have no copyright in them." "The last time judges looked at (this topic in the U