Online trading

HSBC adds structured products to its online trading platform

HSBC Global Private Banking has announced the launch of an online structured products trading service in Asia. This feature allows its private banking clients in Asia to trade fixed coupon notes on their mobile phones, as well as cash stocks, ETFs and currencies already available on the platform. Equity-linked notes will be added later in 2022, according to a press release.

Clients now have direct access to trading structured products on their mobile with coverage of underlying stocks across eight markets including US, Hong Kong, Singapore, UK, France, Germany , Japan and Australia.

The fixed coupon bonds available online are created and priced (via an open architecture) daily by the structured products desk. A digital customer services team is available to provide support 20 hours a day, Monday to Friday, during each market’s opening hours.

“Currently, over 30% of Asia-only execution transactions are done online, around two-thirds of our clients are engaged digitally and the numbers continue to grow. Soon we will also enable clients to structure their own business ideas. investment in our real-time open architecture framework with support for equity-linked bonds coming later this year,” said Siew Meng Tan, regional head of HSBC Global Private Banking, Asia Pacific.

“We are committed to investing in our digital transformation to complement our investments in people, bringing together the best of both worlds in a truly hybrid model,” she added.

HSBC Global Private Banking is investing $100 million over two years to develop its core banking and digital platforms to meet the changing wealth needs of its customers.

In the past three years, it has launched a new Internet banking application, integrating direct communication with customers via instant messaging “GPB Chat”, “GPB eSignature” allowing customers to sign and exchange documents via electronics, and its “Insights & Research Portal” research platform. , with custom alerts and notifications to keep clients informed of events relevant to their portfolios.