HSBC expands broker-dealer outsourcing solution
19 June 2013 London
Image: Shutterstock
HSBC Securities 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: “This is a key investment and represents HSBC’s continued commitment to servicing the developing needs of our broker-dealer clients.”
Clive Triance, head of broker-dealer outsourcing at HSBC, added: “The global launch of our broker-dealer outsourcing solution follows a successful launch of third-party clearing and account operator services across Asia.”
“Our 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’s established expertise across different markets. We will continue to add new capabilities to this service to meet the evolving needs of our strategic clients.”
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: “This is a key investment and represents HSBC’s continued commitment to servicing the developing needs of our broker-dealer clients.”
Clive Triance, head of broker-dealer outsourcing at HSBC, added: “The global launch of our broker-dealer outsourcing solution follows a successful launch of third-party clearing and account operator services across Asia.”
“Our 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’s established expertise across different markets. We will continue to add new capabilities to this service to meet the evolving needs of our strategic clients.”
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