The landscape of exchange operators like HKEX is evolving, with a shift towards offering high-value market data solutions rather than just facilitating trades. Nasdaq Inc and London Stock Exchange Group have already made strides in this direction, focusing on data innovation and analytics to drive revenue.
As HKEX aims to expand its data capabilities, opportunities lie in enhancing technological infrastructure and acquiring data-rich businesses like Hang Seng Indexes Company. By recognizing data as a key asset, HKEX can lead the next generation of global capital markets.
To succeed in this transformation, HKEX must embrace data as a strategic asset rather than a by-product, paving the way for a new era in global financial markets.
Ronald Chan is the founder and chief investment officer of Chartwell Capital Limited, a Hong Kong-based asset management company
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