Fixed Fee Programme for Southbound Brokers

(Updated 28 Jun 2022)

Purpose

To facilitate the provision of real-time data of prescribed securities product types on Mainland brokers’ trading platform for Shanghai-Hong Kong ("SH-HK") and Shenzhen-Hong Kong ("SZ-HK") Connect southbound trading, a Fixed Monthly Fee (5 depths) Service is available since 1 March 2015 (duration subject to regular review).

The following key modifications to the Programme will take effect from its renewal after expiry on 31 December 2021:

Extension of the Programme duration from the end of 2021 to the end of 2023; and
An increase on the Special Discount from HK$125,000 to HK$175,000 per broker per month effective 1 January 2022.

Programme Details:

Scope:	Mainland brokers who are eligible to participate in the SH-HK and SZ-HK Connect can opt to pay a Fixed Monthly Fee to offer 5 depths real-time data of prescribed securities product types under this Programme to unlimited number of clients within Mainland China. The Fixed Monthly Fee Service is applicable to subscribers who are physically located in Mainland China (excluding Hong Kong, Macau and Taiwan regions). IVs should have sufficient technical control to restrict access of data within Mainland China only. Only licensed IVs could redistribute HKEX data therefore Mainland brokers are required to apply for vendor licence if they wish to sign up for the Programme.
Prescribed Securities Product Types:	5 depths streaming data of all HKEX equities ^Note1 and Exchange Traded Products ("ETPs") ^Note2 .
Fees:	Fee: HK$250,000 per broker per month. Special Discount: HK$175,000 per broker per month until 31 December 2023.
Programme Duration:	From 1 March 2015 to 31 December 2023

Note1: Please refer to the “Product Type” under Security Definition in the OMD Interface Specifications for Securities Market & Index Datafeed Products for the definition of Equity.

Note2: Expansion of prescribed securities product types to cover all HKEX ETPs effective 4 July 2022. Please refer to the following "Product Type" under Security Definition in the OMD Interface Specifications for Securities Market & Index Datafeed Products for the definition of ETPs:

^{10 Trust – Leveraged and Inverse Product (LIP)

16 Trust – Equity ETF

17 Trust – Fixed Income and Money Market ETF

18 Trust – Commodities ETF}

List of Participating Mainland Brokers

For enquiries, please contact us via email: MarketData@hkex.com.hk