Originally Posted by rajesh0000
The issue was about excess control for undue monetary gain and was declared illegitimate.
National team/private party is extraneous to this matter.
And yes like any monopolistic commercial entity, NSE may go to great length for protecting its interests, whether they are right or wrong, courts will decide. Time needed,, God knows. Govt,, pro-institutions
Here is the thing, if you think likewise, contact the lawyer defending rtdsdata guy and see this would help him.
In the end all that we are doing on this thread is discussing things, while the case is being decided in a court of law. If you feel that you need to be heard, then contact the lawyers of the affected parties and give them your suggestions, visit the court when this case is being heard and then see how the court treats your arguments.
A very real problem with these vendors is that they cant afford to get a high profile senior advocate to help them with their case, while NSE can.
NSE can have various reasons to argue for having control over the data. Given that the data from the exchange affects traders, while score from the field is not going to affect anyone's finances except that of illegal gamblers. This case is not the same as BCCI preventing someone from spreading scores.
It is mostly about data for the fno segment. One that is not designed for the common man. Even SEBI is clear on this and that is why you have lot sizes with a certain value and minimum networth requirements for opening a FNO account.
We can argue however we want, but the law is very clear in these matters. Let the law take its course and then decide. Till then, be careful if you are taking a data feed from a non authorised vendor. Be prepared to see your feed stop at any point of time.