Now Reading
HSBC UAE launches online trading platform for wealth clients

HSBC UAE launches online trading platform for wealth clients

The platform provides access to stock exchanges in the US, UK and Hong Kong

HSBC UAE has launched a new online trading platform, enabling its retail customers across the country to trade shares and exchange traded funds on major stock exchanges in real-time.

The trading platform has been integrated into the bank’s Personal Internet Banking portal, which ensures customers manage their accounts, savings and investments in one place.

The platform is accessible to the bank’s eligible wealth and personal banking customers in the UAE – those who have an investment account opened with Jersey registered firm Pershing (Channel Islands) Limited.

The digital platform enables investors to manage their equity securities portfolio 24/7 and submit orders with real-time execution. Orders submitted on the platform will be received by HSBC UAE as the customer’s agent, and transmitted forward to HSBC Bank in the UK for execution, as a broker.

HSBC’s customers will also have access to live market data streams on the platform.

Dan Robinson, head of wealth and personal banking at HSBC UAE, said: “I am delighted that we have launched our online trading platform. We know that our customers expect to be able to manage all their banking needs online, from anywhere in the world. They are now able to submit real-time trades with access to global exchanges and live market data, and I have no doubt that they will recognise the speed and ease of trading that this new platform provides.”

The platform provides access to stock exchanges in the United States (New York Stock Exchange and Nasdaq), United Kingdom (London Stock Exchange) and Hong Kong Stock Exchange, which together account for around 60 per cent of capital markets across the globe.

HSBC UAE customers also have access to other investment products outside of the platform, such as bonds and mutual funds.

Additionally, the bank’s wealth customers can meet their relationship managers to discuss financial goals and carve a plan accordingly.

You might also like

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top