VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Tuesday, November 11, 2025

Tool Comparison

Hong Kong Exchanges and Clearing (HKEX) vs OTC Markets comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Hong Kong Exchanges and Clearing (HKEX) adds Alerts, Calendar, IPO, and Buybacks & Authorizations coverage that OTC Markets skips.

OTC Markets includes Data APIs, Ticker Changes, Regulatory Filings Monitoring, APIs & SDKs, and Screeners categories that Hong Kong Exchanges and Clearing (HKEX) omits.

Hong Kong Exchanges and Clearing (HKEX) ships a mobile app. OTC Markets is web/desktop only.

In depth comparison

Hong Kong Exchanges and Clearing (HKEX)

hkex.com.hk

The official exchange site for Hong Kong. Provides free access to company filings via HKEXnews, corporate calendars, and market alerts. Real-time and historical tick data, as well as full order book feeds, are available through paid HKEX Market Data Services and the Data Marketplace. Quotes displayed on the public website are delayed by at least 15 minutes. Mobile apps include a Stock Options app with real-time options and selected futures data.

Platforms

WebMobile

Pricing

FreeSubscription

Quick highlights

HKEXnews: centralized hub for listed company announcements and regulatory filings with keyword and category search.
Custom email and mobile alerts for issuer announcements and Disclosure of Interests notices.
Short Selling Turnover reports (intra-day and daily) for both Main Board and GEM listings.
Trading and clearing calendar, downloadable as PDF or subscribable via iCal/URL.
HKEX Data Marketplace offering paid datasets such as CCASS shareholding and historical full order book data, delivered via SFTP, direct download, or cloud-to-cloud.

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OTC Markets

otcmarkets.com

Primary operator and market data source for U.S. OTC equities via OTC Link ATS/ECN/NQB (SEC‑regulated ATSs). Commercial data products include Real‑Time Level 1+ (inside quote & trades), Level 2+ (full quote book with MPIDs), 15‑minute delayed Level 1+, End‑of‑Day, reference/security master, and compliance datasets (Blue Sky, Promotion/CE, Compliance Analytics). Delivery options include real‑time multicast feeds, SFTP/FTP files, and a REST Disclosure API. Website provides delayed quotes, corporate actions, screeners and issuer news (DNS).

Platforms

WebAPI

Pricing

FreeSubscription

Quick highlights

Real‑Time Level 1+ (inside bid/offer + trades) and Level 2+ (full quote book with market participant IDs) data products; Delayed Level 1+ on a 15‑minute basis; End‑of‑Day snapshots.
Level 2 quote montage specification (fields: MPID, price, QAP, size, time‑of‑update) and display requirements.
Reference & pricing files (security master with optional CUSIP), plus End‑of‑Day pricing files; secure SFTP delivery supported.
Disclosure API (REST, JSON/CSV/XML) with app‑key auth; filter by symbol/CUSIP/company; document retrieval; plan‑level rate‑limit guidance.
Compliance & regulatory data: Blue Sky Data (state eligibility monitoring), Promotion Data file (Caveat Emptor/tier/share data), and Compliance Analytics (multi‑factor risk scoring).

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Where they differ

Hong Kong Exchanges and Clearing (HKEX)

Distinct strengths include:

Alerts Calendar IPO Buybacks & Authorizations

HKEXnews: centralized hub for listed company announcements and regulatory filings with keyword and category search.
Custom email and mobile alerts for issuer announcements and Disclosure of Interests notices.
Short Selling Turnover reports (intra-day and daily) for both Main Board and GEM listings.
Trading and clearing calendar, downloadable as PDF or subscribable via iCal/URL.

OTC Markets

Distinct strengths include:

Data APIs Ticker Changes Regulatory Filings Monitoring APIs & SDKs Screeners

Real‑Time Level 1+ (inside bid/offer + trades) and Level 2+ (full quote book with market participant IDs) data products; Delayed Level 1+ on a 15‑minute basis; End‑of‑Day snapshots.
Level 2 quote montage specification (fields: MPID, price, QAP, size, time‑of‑update) and display requirements.
Reference & pricing files (security master with optional CUSIP), plus End‑of‑Day pricing files; secure SFTP delivery supported.
Disclosure API (REST, JSON/CSV/XML) with app‑key auth; filter by symbol/CUSIP/company; document retrieval; plan‑level rate‑limit guidance.

Feature-by-feature breakdown

Attribute	Hong Kong Exchanges and Clearing (HKEX)	OTC Markets
Categories Which research workflows each platform targets	Shared: News, Dividends, Splits, Order Book / Level II Unique: Alerts, Calendar, IPO, Buybacks & Authorizations	Shared: News, Dividends, Splits, Order Book / Level II Unique: Data APIs, Ticker Changes, Regulatory Filings Monitoring, APIs & SDKs, Screeners
Asset types Supported asset classes and universes	Stocks, ETFs, Bonds, Options, Futures	Stocks, Bonds
Experience levels Who each product is built for	Beginner, Intermediate, Advanced	Beginner, Intermediate, Advanced
Platforms Where you can access the product	Web, Mobile	Web, API
Pricing High-level pricing models	Free, Subscription	Free, Subscription
Key features Core capabilities called out by each vendor	Unique HKEXnews: centralized hub for listed company announcements and regulatory filings with keyword and category search. Custom email and mobile alerts for issuer announcements and Disclosure of Interests notices. Short Selling Turnover reports (intra-day and daily) for both Main Board and GEM listings. Trading and clearing calendar, downloadable as PDF or subscribable via iCal/URL. HKEX Data Marketplace offering paid datasets such as CCASS shareholding and historical full order book data, delivered via SFTP, direct download, or cloud-to-cloud. Real-time market datafeeds (OMD-C/OMD-D) with Level 1, Level 2, and Full Book options, including 10-level depth and full tick order data.	Unique Real‑Time Level 1+ (inside bid/offer + trades) and Level 2+ (full quote book with market participant IDs) data products; Delayed Level 1+ on a 15‑minute basis; End‑of‑Day snapshots. Level 2 quote montage specification (fields: MPID, price, QAP, size, time‑of‑update) and display requirements. Reference & pricing files (security master with optional CUSIP), plus End‑of‑Day pricing files; secure SFTP delivery supported. Disclosure API (REST, JSON/CSV/XML) with app‑key auth; filter by symbol/CUSIP/company; document retrieval; plan‑level rate‑limit guidance. Compliance & regulatory data: Blue Sky Data (state eligibility monitoring), Promotion Data file (Caveat Emptor/tier/share data), and Compliance Analytics (multi‑factor risk scoring). Coverage of OTC Link ATS via MIC 'OTCM'; OTC Link ATS/ECN/NQB each operate as SEC‑regulated ATSs.
Tested Verified by hands-on testing inside Find My Moat	Not yet	Not yet
Editor pick Featured inside curated shortlists	Standard listing	Standard listing

Frequently Asked Questions

Which workflows do Hong Kong Exchanges and Clearing (HKEX) and OTC Markets both support?

Both platforms cover News, Dividends, Splits, and Order Book / Level II workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do Hong Kong Exchanges and Clearing (HKEX) and OTC Markets require subscriptions?

Both Hong Kong Exchanges and Clearing (HKEX) and OTC Markets keep freemium access with optional paid upgrades, so you can trial each platform before committing.

Which tool has mobile access?

Hong Kong Exchanges and Clearing (HKEX) ships a dedicated mobile experience, while OTC Markets focuses on web or desktop access.

What unique strengths set the two platforms apart?

Hong Kong Exchanges and Clearing (HKEX) differentiates itself with HKEXnews: centralized hub for listed company announcements and regulatory filings with keyword and category search., Custom email and mobile alerts for issuer announcements and Disclosure of Interests notices., and Short Selling Turnover reports (intra-day and daily) for both Main Board and GEM listings., whereas OTC Markets stands out for Real‑Time Level 1+ (inside bid/offer + trades) and Level 2+ (full quote book with market participant IDs) data products; Delayed Level 1+ on a 15‑minute basis; End‑of‑Day snapshots., Level 2 quote montage specification (fields: MPID, price, QAP, size, time‑of‑update) and display requirements., and Reference & pricing files (security master with optional CUSIP), plus End‑of‑Day pricing files; secure SFTP delivery supported..

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