Hong Kong Exchanges and Clearing (HKEX) has enhanced its market data suite with the addition of an enterprise data package, as well as a fee reduction for retail mobile subscribers.
Under the Enterprise Data Package, EPs and brokers with retail business can access Level 1 real-time streaming Hong Kong securities data for a fixed monthly fee of $400,000 for an unlimited number of clients and end-investors. The Enterprise Data Package is also applicable to Level 1 real-time streaming derivatives market data, at $100,000 per month.
Additionally, the monthly fee for mobile market data service – as charged to EPs or information vendors – will be lowered from $38 to $10, a 74% reduction. This cut is designed to allow mobile device users to gain access to Level 1 real-time Hong Kong securities market data at a more competitive price as well as encourage broader participation.
HKEX co-chief operating officer and head of equities, Wilfred Yiu, said: “HKEX is always looking for ways to support its customers, as well as advancing our commitment to greater market vibrancy and liquidity. As part of this, we are focused on attracting more retail participation in our markets, and we are therefore delighted to be offering two enhancements to our market data suite today. Exchange Participants (EPs) and brokers with retail business will benefit from more flexible, cost-effective market data service choices when selecting a pricing model, helping them to better align with their business needs.”
As part of a review of its market data offering, HKEX intends to work with financial regulators and other stakeholders to find ways to enhance HKEX’s market data offering, including better differentiation between professional and non-professional data users. This will enable HKEX to offer more custom or bespoke data packages for different users or user groups in the future.
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