Business Requirements for Information Vendors

Applicable to Market Data Licence Agreement.

(for delayed data and/or IIS applicants)

	Actions	Requirements
1.	Submission of Form A1m, Form A2m and Form A3m	Applicants are required to submit duly completed application forms including: Vendor Application Form for Market Data Vendor Licence Agreement (Form A1m), Datafeed Application Form for Market Data Vendor Licence Agreement (Form A2m); and Service Application Form for Market Data Vendor Licence Agreement (Form A3m) (A letter of acknowledgement (“Letter A1m”) will be issued to the applicant to acknowledge the receipt of the submission of the application forms.)
2.	Documents to be submitted together with Form A1m, Form A2m and Form A3m:	The following documents/information are required for licence application: Core business and company profile; Certificate of incorporation and business registration. (For Applicant who plans to redistribute information in the Mainland China, please make sure you have obtained proper Licences and complied with relevant regulation requirements in the Mainland China.) Organization structure - chart showing member companies associated with the Applicant with annotation on: (1) percentage of shareholding and (2) if any of the member or affiliate companies are an Exchange Participant of HKEX. Please also provide the respective trading right IDs.
If you would like to obtain a copy of the Vendor Application Form for Market Data Vendor Licence Agreement (Form A1m), Datafeed Application Form for Market Data Licence Agreement (Form A2m) and Service Application Form for Market Data Vendor Licence Agreement (Form A3m) and apply for the vendor licence, please send brief description of your planned service and contact details by email to: marketdata@hkex.com.hk

Any party who want to redistribute delayed data should note the following:

Minimum delay for delayed data is 15 minutes. Only Level 1 data plus last four trades information (excluding order depth, broker IDs in the queues, etc.) for Securities Market and only Level 1 data for Derivatives Market Data could be allowed.
The delayed data must be displayed together with a delay indicator or a time-stamp in a prominent position so that viewers will not be misled that it is real-time information.
Delayed data vendor must source the data from a vendor who has direct connection with HKEX market data systems.