HSBC Expands Broker-Dealer Outsourcing Solution Worldwide

HSBC Securities Services (HSS) will expand its broker-dealer outsourcing to cover Europe, Asia, MENA, the U.S. and Latin America.

The broker-dealer outsourcing solution has been developed in response to client demand from broker-dealers that are increasingly 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 HSS solution allows broker-dealers to service single events in the lifecycle of a trade or the whole trade lifecycle. The service is supported by a fully 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.

Clive Triance, head of broker-dealer outsourcing, said: “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.”