HONG KONG - Hong Kong's sole bourse operator HK Exchanges and Clearing Limited (HKEx) announced Tuesday that it will unveil three major initiatives to further improve its market data services.
According to a release by the HKEx, the initiatives include the expansion of its Free Prices Website Service, the introduction of New High-speed Derivatives Market Datafeed and the "Single License Regime for Securities and Derivatives Market Data".
Officials from the bourse believed these initiatives will provide broader access to real-time market prices for the investing public, faster derivatives market data and a simpler licensing regime for information vendors.
Commenting on the initiatives, Bryan Chan, HKEx's head of Market Data, said, "Over the past several years, our market has evolved, and so has the demand for market data. It has become obvious that we can no longer satisfy all the different investors' needs with one single product. Diversification in terms of the products and types of service we offer is the key if we want to provide the best solutions for our investors."
He also said implementation of the initiatives will "have no material impact on HKEx's revenue in the near term."