HKEx Mainland Market Data Hub In Shanghai Commences Service
MMDH offers clients easy access to HKEx’s market data without having to maintain costly cross-border communication lines. At the initial rollout stage, it provides Mainland clients direct access to a securities market datafeed and an index feed under HKEx’s Orion Market Data Platform. The inclusion of other datafeeds from HKEx’s markets will be considered as demand from Mainland clients arises.
Today’s rollout included participants in the Founding Member Programme HKEx introduced in 2013 to support MMDH’s start-up and a newly enrolled client. The hub’s initial client list is comprised of:
1. AAstocks.com Limited / Shanghai DZH Co, Ltd*
2. East Money Information Co Ltd
3. Shanghai E Money Software Technology Co, Ltd*
4. Sina Hong Kong Limited / Beijing Sina Internet Information Service Company Limited*
5. Tencent Holdings Limited*
Note: Company names are in alphabetical order.
“The market data hub in Shanghai enables Mainland investors to access HKEx’s market data through a reliable and very cost-effective infrastructure,” said Romnesh Lamba, HKEx’s Head of Global Markets. “It is also another move towards our goal of being the global exchange of choice for our China clients.
“MMDH is part of the implementation of the Orion Market Data Platform, or OMD, one of the HKEx Orion technology initiatives. The hub was created to extend direct distribution of HKEx market data to Mainland. The next phase of OMD will cover its implementation for HKEx’s derivatives market data and is tentatively scheduled for rollout in the second half of this year.