Posted inHong Kong

HSBC adds structured products to its online trading platform

Asia private banking clients will be able to trade fixed coupon structured products on their mobile phones.
Man using mobile smart phone with global network connection, Technology, innovative and communication concept.

HSBC Global Private Banking has announced the launch of a facility for online trading of structured products in Asia. The feature enables its Asia private banking clients to trade fixed coupon notes on their mobile phones, alongside cash equities, ETFs and foreign exchange which are already available on the platform. Equity linked notes will be added later in 2022, according to a media release.

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

Fixed coupon notes available online are created and priced (via open architecture) daily by the structured products desk. A digital client services team is on hand to provide support 20 hours a day, Monday to Friday, across each market’s opening hours.

“Currently, over 30% of execution-only trades in Asia are completed online, around two-thirds of our clients are digitally engaged and the numbers continue to grow. Soon, we will also enable clients to structure their own investment ideas under our open architecture framework in real-time with support for equity linked notes 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, thereby bringing together the best of both worlds in a truly hybrid model,” she added.

HSBC Global Private Banking is investing $100m over a two-year period to build its core banking and digital platforms to meet the changing wealth needs of its clients.

During the past three years, it has launched a new internet banking application, incorporating direct client communication via instant messenger “GPB Chat”, “GPB eSignature” enabling clients to sign and exchange documents electronically, and its research platform “Insights & Research Portal”, with personalised alerts and notifications to keep clients abreast of events relevant to their portfolios. 

Part of the Mark Allen Group.