HKEX to launch Enterprise Data Package for retail brokers

Rick Steves

“Exchange Participants (EPs) and brokers with retail business will benefit from more flexible, cost-effective market data service choices when selecting a pricing model, helping them to better align with their business needs.” 

Hong Kong Exchanges and Clearing Limited (HKEX) has announced new market data services. These services will start on December 1, 2023. They include an Enterprise Data Package and reduced fees for retail mobile subscribers.

The Enterprise Data Package offers Level 1 real-time streaming data. It is available for Hong Kong securities and derivatives markets. The package is priced at $400,000 monthly for securities data. For derivatives data, it’s $100,000 per month. This package allows unlimited client access.

The mobile market data service fee for retail users will drop significantly. The monthly fee will be reduced from $38 to $10. This 74% reduction aims to make data more accessible to retail investors.

Market data service for the benefit of retail brokers

HKEX Co-Chief Operating Officer Wilfred Yiu noted the focus on supporting customers and enhancing market participation. Yiu mentioned the importance of flexible, cost-effective data services for Exchange Participants and brokers. “HKEX is always looking for ways to support its customers, as well as advancing our commitment to greater market vibrancy and liquidity. As part of this, we are focused on attracting more retail participation in our markets, and we are therefore delighted to be offering two enhancements to our market data suite today. Exchange Participants (EPs) and brokers with retail business will benefit from more flexible, cost-effective market data service choices when selecting a pricing model, helping them to better align with their business needs.”

The new pricing models provide options for retail business brokers. They can choose between a per-user subscription or a fixed monthly package. This flexibility aims to align with varying business needs.

The reduction in mobile market data service fees will encourage broader market participation. It allows mobile device users access to real-time market data at competitive prices.

HKEX plans to further enhance its market data offerings. They will consult with financial regulators and stakeholders. The goal is to differentiate between professional and non-professional data users. This differentiation will enable more tailored data packages.

Further updates on these enhancements will be provided in time. These changes are part of a pilot program running until the end of 2025. After this period, the services will undergo a review.

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