Datafeed Application Procedure (for existing vendors with real-time datafeeds)

(for existing information vendors that have real-time datafeeds and wish to apply other real-time datafeeds under the Market Data Vendor Licence Agreement)

Notes:

1. An application is deemed to have been formally lodged with HKEX-IS when the information vendor (IV) formally submitted Form A2 and Form A3.  A letter of acknowledgement (“Letter A2”) will be issued.  

2. After the Form A2 and Form A3 are considered duly completed, HKEX-IS will issue a confirmation letter (“Letter B2”) to the IV.  Upon receipt of Letter B2, the IV is required to:

   1. Pay the deposit (applicable to IV applying for new datafeed(s) of a different market) and/or One-Off Connection Fee (applicable to IV that requires direct connection) for the real-time Datafeed(s) and send us the remittance notification; and

   2. Arrange with network carrier or hosting team for line installation respectively  (applicable to IV that requires direct connection).  Please refer to On-boarding procedure and Checklist for details.

   The IV has to provide all information required under Form A2 and Form A3 to pay the deposit required normally within a period of 2 months from the date of Letter A2.  HKEX-IS may grant an extension of no longer than 1 months on the merit of individual cases at the request of the IV.  Otherwise, the application will lapse.  Same Datafeed application from such IV will not be considered within 6 months from the lapse date

   The application will be presented to the senior management for approval upon receipt of the deposit and the information required under Letter B2; result of the application will normally be available in two weeks

3. The One-Off Connection Fee is not refundable.  If the IV decided to withdraw its application after the deposit payment, an application processing fee of $50,000 per Datafeed will be deducted from its deposit payment and the balance will be refunded to the IV.

4. For IV that chooses to receive the data indirectly, Schedule 3 and Schedule 4 Memorandum of Permitted Purpose (MOPP) of the Market Data Vendor Licence will be issued to the IV once its application is approved. 

5. For IV that chooses to receive the data directly from HKEX market data systems, a Provisional Approval Letter will be issued and the approval will be conditional upon the IV’s successful completion of the systems’ Readiness / Certification Test.  The Readiness / Certification Test must be completed normally within 4 months from the issuance of the Provisional Approval Letter.  Extension of the readiness / certification period may be considered and granted by HKEX-IS on a case by case basis.  Schedule 3 and Schedule 4 MOPP of the Market Data Vendor Licence will be issued to the IV upon the completion of its Readiness / Certification Test.

6. Datafeed Commencement Date:  For IV applying for indirect connection, the datafeed commencement date must be within 4 months from the date of Letter A2.   For IV applying for direct connection, the datafeed commencement date must be within 8 months from the date of Letter A2.