Exchange group Hong Kong Exchanges and Clearing (HKEx) has announced enhancements to its market data services for institutions, retail investors and market data vendors.
In Q2 2011 HKEx plans to launch Price Reporting System (PRS) Plus, a feed that will increase the frequency of derivatives data updates five-fold compared to its standard PRS data feed.
PRS Plus will be offered in addition to the existing PRS, which the exchange says will help meet the different data needs of market participants without additional costs.
HKEx also plans to make PRS and PRS Plus available for subscription at a lower fee for market users who need the market data for internal use only.
The exchange plans to streamline the licensing agreements and operation of services applications for information vendors, by introducing a single licence regime on 20 December 2010.
The new regime will allow vendors to consolidate data agreements across the exchange group's markets. HKEx will also offer a derivatives package including market data from the Hong Kong Futures Exchange and stock options data from the main market. HKEx adds that migration to the new regime is not mandatory, but adds that vendors are likely to see reduced costs if they do. In addition discounts will be offered until the end of 2011 for vendors that join the new regime and redistribute both securities and derivatives market data.
HKEx will also fully-launch its free prices website service in April 2011 following overwhelming interest during its pilot phase, which has been running since October 2009. The service provides the investing public with stock quotes from the exchange. HKEx has reported that 650,000 investors use the service each day.