HKEx's Mainland Market Data Unit To Commence Operations

by Mary Swire, LawAndTax-News.com, Hong Kong

14 December 2012

Ganghui Financial Information Services (Shanghai) Limited, which expects to launch a market data hub in Shanghai in the third quarter of 2013, and is an indirect wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has officially commenced operations in Shanghai.

To mark this important milestone, an unveiling ceremony for the company nameplate and a market data conference were held on December 7, 2012. The market data conference covered HKEx's key market data initiatives and included business updates, information about the Orion Market Data Platform, panel discussions on innovative market data products and challenges and opportunities in developing market data businesses on the Mainland.

Ganghui’s market data hub will facilitate direct access to HKEx’s real-time market data by Mainland information vendors.

"The market data hub in Shanghai represents the first and a significant technical infrastructure footprint of HKEx in the Mainland,” said Bryan Chan, HKEx's Head of Market Data and a Director of Ganghui. “It will strengthen our Mainland connectivity and enable Mainland investors to access HKEx’s market data through a reliable, scalable and more cost-effective infrastructure."