As to the damage being worth hundreds of millions of dollars? - I think the lawyers are having a laugh.
Thursday 11 November 2010
Tullett Prebon & BGC
I see Tullett Prebon are in a spat with BGC about proprietary pricing data on Treasury Swaps. I used to be involved in the Tullett IT before the period mentioned in the case. Typically these pricing tools draw their data from many sources. Tullett were particularly careful in those days about not infringing IP of data feeds, I doubt very much if they lost any of those skills.