Client Affairs

HSBC In Singapore Bolsters DIY Trading Footprint With Saxo

Editorial Staff, 15 November 2021

articleimage

HSBC Singapore plans to integrate Saxo’s trading platform so that it can offer enhanced trading capabilities to its customers, starting from early 2022.

HSBC in Singapore is adopting the end-to-end, self-directed equity trading infrastructure of Saxo Bank, enabling the banking group to expand its reach to retail investors, including those living overseas.

By incorporating Saxo’s trading infrastructure to HSBC Singapore’s digital platform, HSBC customers will gain access to new platform functionalities, expanded global market access and enhanced user experience, HSBC said in a statement late last week. 

HSBC Singapore plans to integrate Saxo’s trading platform so that it can offer enhanced trading capabilities to its customers, starting from early 2022.

“Through this collaboration, we’ll be able to accelerate the delivery of a market-leading trading platform for our Singapore customers, opening up a world of opportunity and helping them grow their wealth,” Lavanya Chari, global head of investments and wealth Solutions, wealth and personal banking, HSBC, said. 

Among recent developments, Saxo Capital Markets HK Limited, part of Denmark-based financial group Saxo, won Type 4 (Advising on Securities) and Type 9 (Asset Management) licences from The Securities and Futures Commission of Hong Kong. The firm said that the licences will advance its ambition to help investors use its multi-asset trading and investment offerings. Saxo Markets holds SFC Type 1, 2 and 3 licences, and has been operating in Hong Kong since 2011. Together with Type 4 and 9 licences, the firm can expand into asset and wealth management.

Register for WealthBriefingAsia today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes