FTSE/Xinhua to appeal Shanghai ruling


A Shanghai court ruled on October 31 that FTSE/Xinhua Index, a provider of China equity indexes, had breached its contract with a subsidiary of the Shanghai Stock Exchange (SSE) by using the latter's data to compile Chinese A-share index futures. But FTSE/Xinhua said it will appeal the ruling.

The Pudong New District Court terminated the contract that was signed last December and ordered FTSE/Xinhua to pay $20,000 in damages, says Paul Hoff, Tokyo-based director of FTSE/Xinhua and managing di

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