HSBC expands localised e-commerce trading services
HSBC is rolling out its single-bank platform HSBCnet FX and MM Trading to a wider range of European and Middle Eastern countries. The bank says its customers can now trade electronically with their regional treasuries on local balance sheets while benefiting from an integrated global FX service. All FX risk is automatically managed by the local offices in their time zone and supported by HSBC’s international trading centres in London, New York, Hong Kong and Dubai.
“E-trading is a powerful tool that allows us to attract new-to-bank corporates to expand our retail presence. HSBC has invested significant resources to deploy localised eFX propositions to cater for local business and regulatory practices, with language localisation in some countries. This launch and roll-out is aimed at meeting specific local client needs and at making HSBC services as accessible and functional as possible to its widely diversified and regionally widespread client base,” says Kevin Sawle, the bank’s head of regional treasuries at HSBC in London.