HSBC unveils new online trading platform for private bank clients in Asia

Clients can buy and sell securities in 10 markets worth up to US$10m daily.

HSBC has launched an online trading platform for private banking clients in Asia.

HSBC Private Banking’s investment service now has a feature that will let high net worth and ultra-high net worth clients connect to the latest market opportunities and access 10 financial markets: Hong Kong, mainland China, Singapore, Japan, the Philippines, Australia, UK, US, Germany, and France.

Clients can buy and sell securities in these 10 markets during exchange trading hours and trade up to US$10m daily, at up to US$2m per transaction.

Through the platform, customers can also directly access cash equities and Exchange Traded Funds (ETFs) from their mobile phones. It also provides them the ability to track and analyse their investments in real-time and review trade portfolios, whilst offering up-to-date quotes and price charts.

A dedicated support team will provide industry-leading 20 hours a day coverage, across each market’s opening hours.

Siew Meng Tan, regional head of HSBC Private Banking APAC, shared that the bank expects to invest over US$100m in the next two years to build and innovate their core banking and digital platforms to meet the fast-changing wealth and lifestyle needs of HSBC clients.

“Key to the group’s wealth growth in Asia, HSBC Private Banking has been investing considerably in our product, distribution and digital capabilities in the last two years to deliver an enhanced suite of digital products using best-of-breed technology, providing our clients with a significantly improved experience”, Tan said.

HSBC Private Banking also aims to expand the range of products available on the online trading platform from cash equities and ETFs to more complex trades such as Listed Warrants and Callable Bull Bear Contracts (CBBC), FX Spot and Forwards, Structured Notes (ELN & FCN), non-complex Funds, Dual Currency Instruments, and Fixed Income by 2022.

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Siew Meng Tan, regional head of HSBC Private Banking, APAC