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HKEx Rolls Out Market Data Hub In Shanghai

by Mary Swire, Lowtax.net, Hong Kong
06 March, 2014

On March 3, Hong Kong Exchanges and Clearing Limited (HKEx) rolled out its Mainland Market Data Hub (MMDH) in Shanghai, establishing its first infrastructure footprint in the Mainland and hence strengthening its Mainland connectivity.

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 data feed, as well as an index feed under HKEx's Orion Market Data (OMD) platform.

"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 Chinese clients."

The inclusion of other data feeds from HKEx's markets will be considered as demand from Mainland clients arises. 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.

A comprehensive report in our Intelligence Report series giving a country-by-country analysis of offshore investment funds, stock exchanges and trusts, with an analysis of the US QI regime, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

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