Hong Kong Exchanges and Clearing (HKEx) is offering investors real-time basic prices from its securities and derivatives markets through a range of information vendors, allowing them to offer data via interactive platforms such as websites and mobile applications.
The new Basic Market Prices (BMP) service providers include information vendors, exchange participants or their affiliates, and six designated website providers which were part of the Free Prices Website Service pilot programme. They have begun offering the BMP service through a total of 23 websites and ten mobile applications. HKEx has also approved another six BMP service applications from information vendors who plan to launch the service on their websites and other interactive platforms soon.
Under the BMP service, HKEx provides basic information from its securities and derivatives markets to third parties for a flat monthly fee. The information, which will then be made available to investors, includes: nominal price/closing price and last trade price for all securities traded on the stock exchange; indicative equilibrium price and indicative equilibrium volume, which are calculated during the pre-opening trading session, for all securities traded on the stock exchange; turnover value and volume of all securities; and high/low prices of the day of all securities.
A corresponding BMP service is also available for the derivatives market. Exchange participants, financial institutions, structured product issuers and listed companies can also offer the BMP service on their websites through HKEx-licensed information vendors' third-party websites or listed company website BMP services.
With the official launch of the BMP service, the free prices website service pilot programme has concluded.
HKEx reports it was well received by the market and generated a monthly average of more than 880 million stock quotes through the six designated websites – an average of 42 million stock quotes per trading day.
HKEx believes that the BMP service will further enhance market transparency and raise the profile of the Hong Kong securities and derivatives markets on the mainland China.