HKEX introduces Enterprise Data Package in December, aims to offer market participants greater flexibility and customization to meet their business needs
Hong Kong Exchange and Clearing Limited (HKEX) today (Wednesday) announced new enhancements to its market data suite as a pilot program and announced the introduction of an enterprise data package. and lower rates for retail mobile phone subscribers. Both of these enhancements will be effective starting December 1, 2023.
Wilfred Iu, Co-Chief Operating Officer and Head of Equities, HKEX, said: As part of that, we are focused on attracting more retailers to our marketplace, which is why we are pleased to be delivering two enhancements to our marketplace data suite today. Exchange participants (EPs) and retail brokers can benefit from a more flexible and cost-effective choice of market data services to better align with their business needs when choosing a pricing model. It will be. ”
Under the Enterprise Data Package, retail EPs and brokers can access Level 1 real-time streaming Hong Kong securities data for an unlimited number of customers and end investors for a fixed fee of $400,000 per month . The Enterprise Data Package is also available for Level 1 real-time streaming derivatives market data for $100,000 per month. Introducing new market data service subscription options, giving retail EPs and brokers the flexibility to choose between per-user subscription pricing models and fixed monthly packages for cost efficiency. Masu.
Additionally, as part of HKEX’s commitment to making market data more accessible to retail investors, the monthly fee charged to EPs and information vendors for mobile market data services will be reduced from $38 to $10, or 74 percent. . This will enable users on mobile devices to access level 1 real-time Hong Kong stock market data at more competitive prices, facilitating broader participation. Individual investors can apply for this service through their securities companies or information vendors.
As part of a broader review of its market data offering, HKEX is working with financial regulators and other stakeholders to improve HKEX’s market data offering, including better differentiation between professional and non-professional data users. We plan to explore other ways to strengthen it. This will enable HKEX to offer more customized or bespoke data packages for different users or user groups in the future. Further updates will be provided in the future.
More information about enterprise data packages and mobile market data services can be found on the HKEX website. These enhancements will be offered as a pilot program until the end of 2025, after which further review will occur. Please note that subscription fees may vary by market data service provider.
About the Hong Kong Stock Exchange
Hong Kong Exchanges and Clearing Limited (HKEX) is a listed company (HKEX stock code: 388) and one of the world’s leading global exchange groups offering a wide range of stocks, derivatives, commodities, fixed income and other financial markets and products. It’s one. and services including the London Metal Exchange.
As a super-connector and gateway between East and West, HKEX connects capital, ideas and other countries between China and the rest of the world through pioneering connect schemes, an increasingly diverse product ecosystem, and a deep and liquid international market. , promoting a two-way flow of dialogue. .
HKEX is a purpose-driven organization that, across its businesses and through the work of the HKEX Foundation, aims to connect, promote and advance markets and communities for the prosperity of all.
www.hkexgroup.com
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