Hong Kong Exchanges and Clearing Limited (HKEX) today announces new enhancements to its market data suite as a pilot program, with the introduction of an Enterprise Data Package. and reducing fees for retail mobile subscribers.
Both of these improvements will take effect from 1 December 2023.
Under the Enterprise Data Package, EPs and retail brokers can access real-time streaming level 1 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 also applies to real-time derivatives market data at Level 1, at $100,000 per month. With the introduction of the new market data service subscription option, EPs and retail brokers will have the flexibility to choose between a per-user subscription pricing model and a fixed monthly package, for improved cost efficiency.
Additionally, as part of HKEX’s commitment to make market data more accessible to retail investors, the monthly fee for the mobile market data service – as charged to EPs or information providers – will be reduced from $38 to $10, or a 74 percent decrease. This will allow mobile users to access real-time Tier 1 Hong Kong securities market data at a more competitive price and encourage wider participation. Individual investors can sign up for this service through their brokers or information sellers.
As part of a broader review of its market data offering, HKEX plans to explore with financial regulators and other stakeholders other ways to improve HKEX’s market data offering, including better differentiation between professional and non-professional data users. This will enable HKEX to offer more customized or special data packages for different users or groups of users in the future. Further updates will be provided in due course.
More details about the Enterprise Data Package and the mobile market data service are available on the HKEX website. These improvements are being offered as a pilot program until the end of 2025, after which they will be subject to further review.