New Market Data Package Encourages Providers of Real-time Data to Offer News and Commentary on HKEx’s Markets
Corporate
06 Jul 2007
Hong Kong Exchanges and Clearing Limited (HKEx) introduced a new editorial package on 1 July to encourage information vendors offering real-time data from its securities and derivatives markets to offer market news and analysis as well. The package is available to all vendors with in-house teams that provide news, analysis or commentary to complement the vendors’ real-time HKEx market data services.
Under the package, real-time information vendors can receive five free units of HKEx’s real-time market data to support their reporting and commentary on HKEx’s markets, and they can apply for a special discount of 50 per cent on the regular monthly subscription fee for additional units for their in-house editorial team users. Details are shown in the table below.
| Regular Monthly Subscriber Fee per Unit |
Discounted Monthly Fee for In-house Editorial Team Users |
| |
Number of Devices |
Fee |
| (1) |
Securities Market Data
Maximum $200 per month |
The first 5 Units:
The 6th and onwards*: |
Free of Charge
$60 for Level 1 data
$100 for Level 2 data
|
Subject to a monthly cap of $8,000 per Vendor
|
| (2) |
Futures Market Data
Maximum $75 per month |
The first 5 Units:
The 6th and onwards*: |
Free of Charge
$13 for data without price depth
$38 for data with price depth
|
Subject to a monthly cap of $8,000 per Vendor
For Vendors who also hold a real-time licence for Securities Market Data mentioned in item 1 above, the charge for Futures Market Data on the Editorial Units already approved for Securities Market Data will be waived.
|
| (3) |
Stock Options Market Data
Maximum $25 per month |
The first 5 Units:
The 6th and onwards*: |
Free of Charge
$13
|
Subject to a monthly cap of $8,000 per Vendor
For Vendors who also hold real-time licences for the Securities Market Data and Futures Market Data mentioned in item 1 and 2 above, the charge for Options Market Data on the Editorial Units already approved for the Securities Market Data and/or Futures Market Data will be waived.
|
| * |
The discounted fee is subject to a monthly cap of $8,000 per information vendor across its vendor agreements for Securities Market Data and Stock Options Market Data. |
HKEx hopes local and international information vendors will find the package useful.
HKEx will continue to review its market data policies as it seeks to meet market demand for information services and foster the further development of its information business.
Interested information vendors should contact HKEx’s information marketing team (email: marketdata@hkex.com.hk) for further details and an application.