HSBC expands broker-dealer outsourcing solution 19 June 2013London Reporter: Jenna Jones
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HSBC 网爆吃瓜 Services has expanded its broker-dealer outsourcing solution to cover Europe, Asia, the US, Latin America, the Middle East and North Africa.
The broker-dealer outsourcing solution was developed in response to demands from broker-dealers that are looking for ways to reduce their capital outlay on technology and move to a variable cost model for core processing of post-execution services.
The service is supported by a full integrated, real-time web portal that is mapped to key performance indicators and the service level agreement, enabling clients to view business performance in real time and to highlight potential trade issues.
Colin Brooks, global head of sub-custody and clearing at HSBC, said: 鈥淭his is a key investment and represents HSBC鈥檚 continued commitment to servicing the developing needs of our broker-dealer clients.鈥�
Clive Triance, head of broker-dealer outsourcing at HSBC, added: 鈥淭he global launch of our broker-dealer outsourcing solution follows a successful launch of third-party clearing and account operator services across Asia.鈥�
鈥淥ur clients will not only benefit from the immediate cost savings of moving to a variable cost model by using a shared hub for post-trade processing but also from HSBC鈥檚 established expertise across different markets. We will continue to add new capabilities to this service to meet the evolving needs of our strategic clients.鈥�
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