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Quote from 4DTrader:
I read the whole thread and learned nothing, found lots of bickering and arguments.
I came to the thread with one question: Where the hell do I subscribe to the HSI data? IB listed a free Hong Kong Futures Exchange and a non-free Hong Kong Stock Exchange. But a link in this thread leads to Hong Kong Exchange.
Again, I believe IB has clearly lost its touch. If there is in reality only ONE exchange called Hong Kong Exchange, why the hell does IB produce TWO exchanges?
OK, I don't care IB fabricating exchanges, but which of the fabricated exchanges handles HSI? I just want to subscribe to this exchange and start looking at the HSI data. I can determine who is right and who is wrong after I look at the data, so stop your stupid bickering! (By the way, the only useful information I get from this thread is HSI is a thinly traded futures with 80,000 contracts daily, compared with ES in millions daily.)
I guess nobody will answer my question after I call them stupid, eh?
Never mind, bunch of morons.
There are indeed two exchanges. The parent company is called Hong Kong Exchanges and Clearing Company Ltd (HKEx). The HKEx is technically an exchange controller under regulations in HK. It owns and operates the Stock Exchange of HK Ltd ("SEHK") and the Hong Kong Futures Exchange Limited ("HKFE"). (I wont' begin to cover the 3 separate clearing houses here which complicates matters further).
The SEHK and HKFE have different routing and fee structures. The SEHK system (stocks, warrants) is where you trade equities and warrants and have built there own routing API/software. The HKFE routes via the OM system and is where you trade futures, index and stock options.
They both have different fee structures. In particular, for the SEHK, every terminal receiving data is required to pay 200 HKD (about $25 per month).
To subscribe to either one, do it via the account mgmt tools.
Hope this makes things more clear.