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.

  • Read this next

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.


    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    Digital Assets

    FTX cleared to sell $1 billion stake in AI outfit Anthropic

    A Delaware bankruptcy court just approved a plan allowing the now-defunct FTX and its creditors to offload the exchange’s $1 billion stake in AI outfit Anthropic.

    Digital Assets

    Unveiling the Beta Version of Signal21

    Unveil the Future of Bitcoin Data with Signal21’s Beta Launch.