Market Data Vendors

	OMD(a)
Per Quarter	Securities Standard (SS)	Securities Premium (SP)	Securities FullTick (SF)
1. Redistribution Fee
1.1  Real-time Data	$51,000	$66,300	$99,300
− Extension of redistribution rights to Related Companies(1)	$45,000	$58,500	$87,600
1.2 Delayed Data only (on a delay basis of 15 minutes or more)	$15,000
2. Connection Fee
2.1 Real-time Data
2.1.1 Direct connection
− First set of standard connection(2)	$45,000	$58,500	$87,600
− Additional set of standard connection	$70,000	$91,000	$136,500
2.1.2 Indirect connection
− First two data sources	$0
− Additional data source	$30,000	$39,000	$58,500
2.2 Delayed Data only (on a delay basis of 15 minutes or more)
− First two data sources	$0
− Additional data source	$7,000
3. Mainland Market Data Hub	Double the Connection Fee
4. One-off Connection Fee	$10,000	$10,000	$10,000

	OMD(a)
Per Month	Securities Standard (SS)	Securities Premium (SP)	Securities FullTick (SF)
5. Real-time Data Service Subscriber Fees(3)
5.1 Continuous Access Service (Streaming)
- Level 1 (Top price level)	$120
- Level 2 (up to 10 price levels, broker queue)	$200
- Level 2+One (up to 10 price levels + One, broker queue)	N/A	N/A	$240
- Full Book (All order information, broker queue)	N/A	N/A	$400
5.2 Mobile Application Service
Level 1 (Top price level)#	$38
5.3 Per Quote Service
- Per Quote Access 1 (Top price level)	$0.05 per quote (capped at $250 per subscriber)
- Per Quote Access 2 (up to 10 price levels)	$0.07 per quote (capped at $250 per subscriber)
- Per Quote Access 3 (up to 10 price levels, broker queue)	$0.1 per quote (capped at $250 per subscriber)
- Per Quote Access 4 (above 10 price levels, broker queue)	N/A	N/A	$0.14 per quote (capped at $450 per subscriber)
5.4 Charge Per Unit Time Service
- Up to 10 price levels, broker queue	$0.1 per minute (min. at $50/capped at $250)
- Above 10 price levels, broker queue	N/A	N/A	$0.14 per minute (min. at $70/capped at $450)
5.5 Pager (with transmission speed <6250 bps)
- Level 1 (Top price level) / Level 2 (up to 10 price levels)	$120
- Above 10 price levels	N/A	N/A	$140
5.6 TV Broadcast
	$16,000 for the first 200,000 subscribers $12,000 per 50,000 subscribers per month (200,001 to 300,000 Subscribers) $8,000 per 50,000 subscribers per month (300,001 to 600,000 Subscribers) $4,000 per 50,000 subscribers per month (over 600,000 Subscribers)
5.7 Third Party Service
	Min. subscriber fee of $6,000 per client
5.8 Basic Market Prices (BMP) Service(8)
- For Market Data Vendor only	$80,000
- For Market Data Vendor and its related companies	$160,000
- Third Party Service	$68,000 per client
- Listed Company Service	$5,000 per client
5.9 Non Display Usage(b)(4)
	Automated Trading Applications – $20,000 per firm per month Derived Data with Tradable Products – $20,000 per firm per month Others - $400 per firm per month
5.10 Market Data Packages for the Mainland Market(9)
- Mainland China Fixed Fee Package for Southbound Brokers (up to 5 price level data)	$175,000 per broker vendor
- Mainland China Discount Package (up to Streaming Level 2)*	Retail subscribers: $80 Corporate subscribers: $120
- Mainland China One-Year Fixed Fee Package (up to Streaming Level 2)	$1,000,000 per vendor
- Mainland China Mobile Application Service Package (up to Streaming Level 2)	Volume Discounted Fee: $5 per subscriber unit with a minimum subscription of 60,000 units per annum or Discounted Fee: $13 per subscriber unit

	OMD
Per Month	Derivatives Lite (D-Lite)
Licence Fee	$2,000 (Including Redistribution Fee, Connection Fee and Subscriber Fees)

Per Quarter	HK$
Redistribution Fee	$45,000
Subscriber Fee	N/A

(a)  The following complimentary datafeeds will be offered to clients subscribing the OMD Securities Market datafeed(s):

(Please note that standalone subscription of the complimentary feeds is not allowed. We reserve the right to charge for these datafeeds in future with advance notice to clients.)

(b)  Non-Display Usage Fees effective in January 2013.

(c)   The following complimentary datafeeds will be offered to clients subscribing the OMD Derivatives Market datafeed(s):

• Derivatives Trades – offer to DS and D-Lite clients;
• Index Feed – offer to DS, DP, DF and D-Lite clients; and
• Order Feed – offer to D-Lite clients.

(Please note that standalone subscription of the complimentary feeds is not allowed. We reserve the right to charge for these datafeeds in future with advance notice to clients.)

Remarks:

(1) Waived for market data vendor with direct connection. 

(2) Fee also includes first indirect connection data source.

(3) Subject to a minimum monthly Subscriber Fee of $6,000

(4) Non-Display Usage includes:

i) Automated Trading Application - Any application that accesses HKEX real-time market data for automatic calculation, processing and analysis, and that application will determine the quantity, price and timing of order execution, will be regarded as the Automated Trading Application.

ii) Derived Data (with Tradable Products) - Any work created using HKEX real-time market data to partly or wholly derive the price of a tradable product or value of the underlying instrument of a tradable product.

iii) Others - Any other non-display data usage that does not fall under Category (i) & (ii) and EPs are exempted from this “Others” fee.

(5) Subject to a minimum monthly Subscriber Fee of $2,250

(6) Liquidity Provider is required to apply for End-User Licence if it extends right under the Market Data End-User Licence Agreement to related companies (subject to prior approval from us).

(7) Market Maker is required to apply for End-User Licence if it extends right under the Market Data End-User Licence Agreement to related companies (subject to prior approval from us).

 

(8) For the avoidance of doubt, if the market data vendor offers more than one BMP Services for Securities Market Data during any month (excluding BMP Third Party Website Service), only one Subscriber Fee of $80,000 (for Market Data Vendor only) or $160,000 (for Market Data Vendor and its related companies) shall be payable in relation to that month.  Further, if the market data vendor offers more than one BMP Services for Derivatives Market Data during any month (excluding BMP Third Party Website Service), only one Subscriber Fee of $27,000 (for Market Data Vendor only) or $54,000 (for Market Data Vendor and its related companies) shall be payable in relation to that month.

(9) Market Data Packages for the Mainland Market with effect from 1 April 2024.

* Free derivatives market data (futures and options data without price depth) for those who subscribe to securities market data under the Mainland China Discount Package with effect from 1 April 2024

# Trade information, including transaction price and quantity of each trade, is added as supplementary information.