New York Mercantile Exchange, Inc. v. IntercontinentalExchange, Inc.
Court of Appeals for the Second Circuit
1Opinion of the Court
KATZMANN, Circuit Judge.
This case calls upon us to decide whether the New York Mercantile Exchange, Inc. (“NYMEX”) can enforce a copyright in the settlement prices it produces to value customers’ open positions. We hold that even if these prices are created by NYMEX — a question we do not resolve— there has been no infringement because enforcing the copyright here would effectively accord protection to the idea itself. We also consider the district court’s dismissal of IntercontinentalExchange, Inc.’s (“ICE”) state law claims and conclude that it did not abuse its discretion in declining to…
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