HKEx Introduces New Service That Provides Derivatives' Price Depth Via Information Vendors

Hong Kong Exchanges and Clearing Limited (HKEx) has introduced a new service that provides price depth information from its Derivatives Market. The information, previously only available through the trading systems of the Derivatives Market (Hong Kong Futures Automated Trading System), is now available through information vendors.

The price depth information comprises aggregated best five bid and ask prices with full volume for all instruments trading on the HKEx Derivatives Market (please see the following example).

	Best Bids					Best Asks
	B5	B4	B3	B2	B1	A1	A2	A3	A4	A5
Price	10351	10355	10356	10361	10373	10378	10412	10450	10452	10455
Quantity	2	2	1	2	1	4	2	1	1	1

The price depth information is transmitted in real time through the new TCP/IP information feed in the bandwidth of 128Kbps. The new feed went live last month.

The information will be made available to retail and institutional investors on a subscription basis via information vendors.

"This new service is part of our ongoing efforts to meet the needs of investors," said Roger Lee, HKEx Senior Vice President of E-business and Information Services.

"The wider distribution of price depth information adds to market transparency and can help investors in their analysis and decision making," Mr Lee added.

The following are the first batch of information vendors planning to deliver price depth information for the HKEx Derivatives Market. Service introduction dates may vary; investors should contact individual vendors for details.

Name of Vendor
AAStocks.com Limited
AFE Solutions Limited
ET Net Limited
Infocast Limited
Moneyline Telerate International
QuotePower International Limited
Reuters Limited
Telequote Data International Limited
Tele-Trend Limited

The latest list of information vendors providing price depth information for the Derivatives Market will be posted on the HKEx website at www.hkex.com.hk.