Ganghui Financial Information Services (Shanghai) Limited, an indirect wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) Group, 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 Friday, 7 December 2012. Over 80 guests participated in the event, including senior officials from the State Council's Information Office, the Shanghai Municipal Government Financial Service Office, the Shanghai Pudong New Area Financial Services Bureau, the Shanghai Stock Exchange, the Shanghai Futures Exchange, the China Financial Futures Exchange, and major information vendors from the Mainland and Hong Kong.
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. The conference was well attended and provided premier educational and networking opportunities to stakeholders of the market data industry.
Ganghui expects to launch a market data hub in Shanghai in the third quarter of 2013. The 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. 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," said Bryan Chan, HKEx's Head of Market Data and a Director of Ganghui.