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Foreign Exchange

HSBC rolls out FX margin trading to Hong Kong retail customers

HSBC has announced a tie-up with Oanda, the retail FX platform, to deliver margin FX trading to retail customers in Hong Kong.

In what is thought to be the first of a series of retail FX launches that HSBC could push out globally, the banks says prices from its dealing desks will be streamed direct to the desktops and mobile devices of its qualifying retail customer base in Hong Kong. Frederic Boillereau, global head of FX and commodities at HSBC, said the partnership with Oanda was important for the development of the bank’s FX business.

“By combining our global liquidity and pricing capabilities with Oanda’s proven platform and expertise, we will be able to deliver notable value to yet another new segment of our extensive client base,” he says.

“Strategic technology investment, answering the needs of our broad array of client types, continues to be a fundamental focus for us. Ease of access to our prices and liquidity is demanded by all customer types, and retail traders are no different.”

As well teaming up with Oanda, the initiative also represents an internal tie-up between HSBC’s global markets group and its retail and wealth management division.

“In providing this margin FX capability into our existing HSBC online banking systems, we have combined the strengths of two business groups of our global bank, offering our customers a truly integrated FX trading experience,” says James Carter, head of margin FX at HSBC.

“Security of customer funds and the ability to transfer instantly between integrated, yet segregated, bank accounts is uniquely convenient to bank trading customers.”

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