Overview

Key features

Meeting diverse customer needs
The HKEX Orion Market Data Platform (OMD) provides a suite of market data product feeds with content, market depth and bandwidth requirements tailored to suit the needs of different types of clients. The adoption of multicast transmission technology allows future growth in the number of customers without impacting service efficiency.

Low Latency
Employing industry leading low latency technology, OMD delivers vital pricing data to subscribers rapidly and efficiently.

Remote Distribution
OMD enables HKEX to establish points of presence for market data distribution outside of Hong Kong, such as on Mainland China.

Efficient Message Protocol
Binary message protocol is offered allowing efficient message processing.

Products
OMD offers a suite of datafeed products for both securities and derivatives markets:

Datafeed Product	Bandwidth Requirement	Content
Securities Market
1. OMD Securities Standard ("SS") - Conflated	16 Mbps	Market by price (10 levels)
2. OMD Securities Premium ("SP") - Streaming	42 Mbps	Market by price (10 levels)
3. OMD Securities FullTick ("SF") - Streaming	52 Mbps	Market by order (tick-by-tick full depth)
Derivatives Market
1. OMD Derivatives Lite ("DLite") - Conflated	14 Mbps	Market by price (5 levels)
2. OMD Derivatives Standard ("DS") - Conflated	27 Mbps	Market by price (10 levels)
3. OMD Derivatives Premium ("DP") - Streaming	79 Mbps	Market by price (10 levels+1)
4. OMD Derivatives FullTick ("DF") - Streaming	99 Mbps	Market by order (tick-by-tick full depth)
Index Data
1. OMD Index ("Index")	Negligible	S&P/HKEX indices and selected indices from CESC, CSIC and HSIL*

* Please refer OMD-C and OMD-D connectivity guide for bandwidth requirement details

Information Paper and Information Sheet

The HKEX Orion Market Data Platform – Securities Market (OMD-C) was rolled out in September 2013, followed by the Mainland Market Data Hub for the Securities Market (OMD-C MMDH) in March 2014. The HKEX Orion Market Data Platform – Derivatives Market (OMD-D) was also rolled out subsequently in December 2014. Below are the archived versions of the Information paper and information sheet for reference purposes. Please note that some information may not be valid upon the OMD rollout and subsequent system enhancements and changes.

HKEX Orion Market Data Platform - Securities Market & Index Datafeed Products (OMD-C)
Archived version (Published in Mar 2012 for project rollout)

Mainland Market Data Hub – Securities Market (OMD-C MMDH)
Archived version (Published in Nov 2012 for project rollout)

HKEX Orion Market Data Platform - Derivatives Market Datafeed Products (OMD-D)
Archived version (Published in Jan 2013 for project rollout)

Go To Infrastructure, OMD Fee Schedule, Client Notices.

* Third Party Indices currently disseminated through OMD Index Feed include 2 Standard & Poor’s and HKEX co-branded indices and selected indices from China Exchange Services Company Limited (CESC), China Securities Index Company Limited (CSIC) and Hang Seng Indexes Company Limited (HSIL)

Updated 13 Apr 2016