(for applicants applying for real-time datafeed(s) under the Market Data Vendor Licence Agreement)
Notes:
- An application is deemed to have been formally lodged with HKEX-IS (China) when the applicant formally submitted Form A1m, Form A2m and Form A3m. A letter of acknowledgement (“Letter A1m”) of the submission of Form A1m, Form A2m and Form A3m will be issued.
-
After Form A1m, Form A2m and Form A3m are considered duly completed and at the preliminary assessment by HKEX-IS (China) that the applicant is fit for licence, HKEX-IS (China) will issue a confirmation letter (“Letter B1m”) to the applicant. Upon receipt of Letter B1m, the applicant is required to:
i) Pay the One-Off Connection Fee (applicable to applicant that requires direct connection) for the real-time Datafeed(s) and send us the remittance notification;
ii) Arrange with network carrier or hosting team for line installation respectively (applicable to applicant that requires direct connection). Please refer to On-boarding procedure and Checklist for details.
The applicant has to provide all information required under Form A1m, Form A2m, Form A3m within a period of 4 months from the date of Letter A1m. HKEX-IS (China) may grant an extension of no longer than 2 months on the merit of individual cases at the request of the applicant. Otherwise, the application will lapse. No new application from the same applicant will be considered within 6 months from the lapse date.
The application will be presented to the senior management for approval; result of the application will normally be available in two weeks.
- The One-Off Connection Fee (s) is not refundable.
- For applicant that chooses to receive the data indirectly, the Market Data Vendor Licence Agreement will be issued to successful applicant once its application is approved.
- For applicant that chooses to receive the data directly from HKEX market data systems, a Provisional Approval Letter will be issued and the approval will be conditional upon the applicant’s successful completion of the systems’ Readiness / Certification Test. The Readiness / Certification Test must be completed normally within 4 months from the issuance of the Provisional Approval Letter. Extension of the Readiness / Certification Test period may be considered and granted by HKEX-IS (China) on a case by case basis. The Market Data Vendor Licence Agreement will be issued to the applicant for execution upon the completion of its Readiness / Certification Test.
- Upon receipt of Vendor Agreement, the applicant is required to pay deposit. If the applicant decided to withdraw its application after the deposit payment, an application processing fee of $50,000 per Datafeed will be deducted from the deposit payment and the balance will be refunded to the applicant.
- Datafeed Commencement Date: For applicant applying for indirect connection, the Datafeed Commencement Date must be within 6 months from the date of Letter A1m. For applicant applying for direct connection, the Datafeed Commencement Date must be within 10 months from the date of Letter A1m.