Hong Kong Exchanges and Clearing Limited (HKEX) revealed on Friday (September 9, 2021) that it has made an enhancement to its suite of market data offerings, with the launch of an updated mobile market data subscription service.
The newly introduced service, which is set to be deployed on October 1, 2021, should enable retail investors to gain access to live streaming local securities market data “exclusively from their mobile devices.”
As mentioned in the announcement, HKEX’s market data subscription service will offer mobile device users with access to “full Level 1 live streaming Hong Kong securities market data, at a monthly mobile-only rate of $38 per user.” Investors may choose to subscribe to this service via their brokers or information vendors “upon the launch of the new service.”
HKEX Co-Head of Markets Wilfred Yiu stated:
“Increasingly, investors are using their mobile devices to trade stocks and access market data. HKEX is excited to be launching this new service tailored specifically to the needs of retail investors, supporting the latest practices and technologies in accessing securities market data. This new service supports our commitment to providing affordable, best-in-class, convenient market data services for investors in Hong Kong and beyond.”
The subscription fee and other details of the new market data service may be accessed via the official HKEX website.
HKEX is one of the most established exchange groups in the world. It operates a fairly wide range of equity, commodity, fixed income and currency markets. HKEX is one of the leading IPO markets in the world.
HKEX is also Hong Kong’s only securities and derivatives exchange and “sole operator of its clearing houses.” It is “uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.”
Additionally, HKEX is the international leader in metals trading, “through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited.” This commodity franchise was further enhanced “with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.”
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect program back in 2014, “further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.”
