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Indexes should be licensed, says stock exchange head

Emma Barraclough, London

The chief executive of the London Stock Exchange (LSE) has criticised some of his rivals for controlling the trade in certain products – particularly derivatives – that are linked to indexes of shares listed on their exchanges.

Xavier Rolet told the Financial Times last week: "We would certainly be disappointed if an index provider decided on grounds of existing monopoly that an index is not available to others, that their intellectual property is only available to the...

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