HKEx Information Services Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), signed a market data vendor licence agreement with SSE Infonet Limited (SSE Infonet), the information business subsidiary of the Shanghai Stock Exchange (SSE), on 27 March 2015 (Friday) to better meet the needs of Mainland investors for Hong Kong stock market data.
The agreement came into effect on 27 March 2015. In its new role as a HKEx information vendor, SSE Infonet will provide Mainland brokerages and retail investors with streaming real-time 10 price-depth data from the Hong Kong stock market through a cloud platform.
The service is available under a daily charge service programme introduced by HKEx in March this year that offers more flexibility than fixed monthly fees by charging subscribers based on the number of days they have access to the market data.
In addition to the daily charge service programme, HKEx has introduced a range of other market data promotions for Shanghai-Hong Kong Stock Connect, including a fixed monthly fee service programme for brokers of Southbound trades which provides, among other things, 5 price-depth data for SEHK Securities of Southbound trades. The initiatives are aimed at satisfying the different needs of Mainland investors for Hong Kong stock market data.
“As market data is an integral part of our services to Southbound investors, we welcome the admission of SSE Infonet as an information vendor of HKEx and look forward to working with SSE Infonet,” said HKEx Chief Executive Charles Li. “We will continue to enhance our services to support the Shanghai-Hong Kong Stock Connect programme and the further development of our mutual market access with the Mainland.”
“In enhancing Stock Connect operations, the SSE’s key direction is to provide better service to investors in both markets,” said SSE President Huang Hongyuan. “I am delighted SSE Infonet and HKEx Information Services have reached this agreement. It is an opportunity for both sides to deepen information and data cooperation, so that investors can have more ready access to a wider range of information services.”
Information on the market data promotion programmes for Shanghai-Hong Kong Stock Connect can be found in the “Client Notices” under “Data Products” in the “Products & Services” section of the HKEx website.
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