The UAE is the first market to launch WorldTrader, with select markets in Asia and the Middle East to follow later.
HSBC’s customers can trade equities, exchange traded funds and bonds in up to 25 markets and 77 exchanges globally via mobile app or online banking.
Mass affluent customers are increasingly engaging in investing opportunities, with global growth rates for brokerage services ranging from 25% to 30%, according to HSBC research. In addition, simplicity, sophistication in user experience, access to global exchanges and security were all top priorities when selecting an investment platform.
“WorldTrader provides investors a secure way to trade and manage their investments on a fully digital platform and is one of many ways we are investing in our digital wealth capabilities to better serve the evolving needs of our customers at large,” said Nuno Matos, chief executive officer, Wealth and Personal Banking (WPB), HSBC, in a statement.
HSBC has partnered with Interactive Brokers, a leading online broker, who currently has clients in over 200 countries and territories.
Interactive Brokers offers automated trade execution and custody for a wide variety of electronically traded products around the clock in over 150 markets, giving customers worldwide access to a uniform, cost-effective and single platform to trade all assets, according to HSBC.
