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Market Data Vendors

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Updated 27 Feb 2015

Licence Fees

OMD(c)
   Per Quarter Derivatives Standard
(DS)
Derivatives Premium
(DP)
Derivatives FullTick
(DF)
1. Redistribution Fee

1.1 Real-time Data

$19,500 $25,350 $37,950

− Extension of redistribution rights to Related Companies(1)

$15,000 $19,500 $29,250

1.2 Delayed Data only (on a delay basis of 15 minutes or more)

$15,000
2. Connection Fee

2.1 Real-time Data

2.1.1 Direct Connection

− First set of standard connection(2)

$15,000 $19,500 $29,250

− Additional set of standard connection

$25,000 $32,500 $48,600

2.1.2 Indirect Connection

− First two data sources

$0

− Additional data source

$12,000 $15,600 $23,400

2.2 Delayed Data only (on a delay basis of 15 minutes or more)

− First two data sources

$0

− Additional data source

$7,000
3. Mainland Market Data Hub Double the Connection Fee
4. One-off Connection Fee $10,000  $10,000  $10,000

Updated 27 Feb 2015

Subscriber Fees

OMD
   Per month Derivatives Standard
(DS)
Derivatives Premium
(DP)
Derivatives FullTick
(DF)
5. Real-time Data Service Subscriber Fees(5)

5.1 Continuous Access Service (Streaming)

Level 1 (Top price level)

$25

Level 2 (up to 10 price levels)

$75

Level 2+One (up to 10 price levels + One)

N/A $90

Full Book (All order information)

N/A N/A $300

5.2 Per Quote Service

Per Quote Access 1 (Top price level)

$0.01 per quote (capped at $95 per subscriber)

Per Quote Access 2 (up to 5/10 price levels)

$0.03 per quote (capped at $95 per subscriber)

Per Quote Access 3 (above 10 price levels)

N/A $0.05 per quote (capped at $380 per subscriber)

5.3 Charge Per Unit Time Service

Up to 5/10 price levels

$0.03 per minute (min. at $15/ capped at $95)

Above 10 price levels

N/A

$0.05 per minute (min. at $25/ capped at $380)

5.4 Pager (with transmission speed <6250 bps)

Level 1/Level 2 (up to 5/10 price levels)

$5

Above 10 price levels

N/A $6

5.5 TV Broadcast


$16,000 for the first 200,000 subscribers
$12,000 per 50,000 subscribers per month (200,001 to 300,000 Subscribers)
$8,000 per 50,000 subscribers per month (300,001 to 600,000 Subscribers)
$4,000 per 50,000 subscribers per month (over 600,000 Subscribers)
(waived if the information vendor also redistributes securities market data)

5.6 Third Party Service

  Min. subscriber fee of $2,250 per client  

 5.7 Basic Market Prices (BMP) Service*

For Information Vendor only

$27,000

For Information Vendor and its related companies

$54,000

Third Party Service

$23,000 per client

5.8 Non-Display Usage(b)(4)           


Automated Trading Applications – $10,000 per firm per month
Derived Data with Tradable Products – $10,000 per firm per month
Others – $150 per firm per month

Updated 27 Feb 2015

Applicable to HKFE and SEHK Stock Options Exchange Participants only:

OMD

Per Month                                                                

Derivatives Lite (D-Lite)

Licence Fee

$2,000

(Including Redistribution Fee, Connection Fee and Subscriber Fees)


Updated 12 Sep 2018

Issuer Information Feed Service

Per Quarter HK$
Redistribution Fee $45,000
Subscriber Fee N/A 

Updated 27 Feb 2015

Footnoes

Footenotes:

(a)  The following complimentary datafeeds will be offered to clients subscribing the OMD Securities Market datafeed(s):

  • Odd Lot Order Feed – offer to SS, SP and SF clients;
  • Conflated Broker Queue - offer to SP and SF clients;
  • Index Feed – offer to SS, SP and SF clients; and
  • Stock Connect Market – offer to SS, SP and SF clients. 

(Please note that standalone subscription of the complimentary feeds is not allowed. HKEX reserves the right to charge for these datafeeds in future with advance notice to clients.)

(b)  Non-Display Usage Fees effective in January 2013.

(c)   The following complimentary datafeeds will be offered to clients subscribing the OMD Derivatives Market datafeed(s):

  • Derivatives Trades – offer to DS and D-Lite clients;
  • Index Feed – offer to DS, DP, DF and D-Lite clients; and
  • Order Feed – offer to D-Lite clients. 

(Please note that standalone subscription of the complimentary feeds is not allowed. HKEX reserves the right to charge for these datafeeds in future with advance notice to clients.)

Remarks:

(1) Waived for information vendor with direct connection. 

(2) Fee also includes first indirect connection data source.

(3) Subject to a minimum monthly Subscriber Fee of $6,000

(4) Non-Display Usage includes:

    i) Automated Trading Application - Any application that accesses HKEX real-time market data for automatic calculation, processing and analysis, and that application will determine the quantity, price and timing of order execution, will be regarded as the Automated Trading Application.

    ii) Derived Data (with Tradable Products) - Any work created using HKEX real-time market data to partly or wholly derive the price of a tradable product or value of the underlying instrument of a tradable product.

    iii) Others - Any other non-display data usage that does not fall under Category (i) & (ii) and EPs are exempted from this “Others” fee.

(5) Subject to a minimum monthly Subscriber Fee of $2,250

(6) Liquidity Provider is required to apply for End-User Licence if it extends right under the Market Data End-User Licence Agreement to related companies (subject to prior approval from HKEX-IS).

(7) Market Maker is required to apply for End-User Licence if it extends right under the Market Data End-User Licence Agreement to related companies (subject to prior approval from HKEX-IS).

 

* For the avoidance of doubt, if the information vendor offers more than one BMP Services for Securities Market Data during any month (excluding BMP Third Party Website Service), only one Subscriber Fee of $80,000 (for Information Vendor only) or $160,000 (for Information Vendor and its related companies) shall be payable in relation to that month.  Further, if the information vendor offers more than one BMP Services for Derivatives Market Data during any month (excluding BMP Third Party Website Service), only one Subscriber Fee of $27,000 (for Information Vendor only) or $54,000 (for Information Vendor and its related companies) shall be payable in relation to that month.

Updated 27 Feb 2015

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