HSBC launches WorldTrader – a global-first trading platform

Share

Share

HSBC has today announced the launch of WorldTrader, a new digital investment platform that allows customers access to a wide range of trading and investment opportunities.

Customers can trade equities, exchange-traded funds (ETFs), and bonds in up to 25 markets and 77 exchanges globally via mobile app or online banking. The UAE is the first market to launch WorldTrader, with select markets in Asia and the Middle East to follow in due course.

New research from HSBC indicates that mass affluent customers are increasingly engaging in investing opportunities, with global growth rates for brokerage services ranging from 25 percent to 30 percent. The research also highlights that simplicity, sophistication in user experience, access to global exchanges, and security were all top priorities when selecting an investment platform.

To directly address these customer needs, HSBC has combined unrivaled global reach and a reputation for stability with a leading online broker. WorldTrader is digital-only and is powered by Interactive Brokers, known for pioneering electronic trading, who currently serve millions of active clients in over 200 countries and territories.

Interactive Brokers offers automated trade execution and custody for a wide variety of electronically traded products around the clock in over 150 markets, providing HSBC with a comprehensive trading solution, and giving customers worldwide access to a uniform, cost-effective, and single platform to trade all assets.

Demand for wealth services in the UAE has surged, with an increasingly digitally savvy population, making it the perfect launchpad for this platform. HSBC’s research also reveals that more than half (55 percent) of surveyed investors in the UAE plan to increase investments in other markets. The UAE is also one of the most engaged segments, investing on average five times per month and monitoring their investments on average ten times per month, tied only with India for the highest frequency of the 11 markets surveyed.

Nuno Matos, Chief Executive Officer, Wealth and Personal Banking (WPB), HSBC, said: “WorldTrader is a prime example of HSBC delivering a leading and innovative customer experience, and accelerating digitization in everything we do. WorldTrader provides investors – both established and new – a secure way to trade and manage their investments on a fully digital platform and is one of many ways we are investing in our digital wealth capabilities to better serve the evolving needs of our customers at large.”

The platform is secure and easy to use, offering investors an opportunity to manage their investments in real-time across multiple markets and time zones. It also provides users free up[1] to date market data, news, and expert analysis.

Customers can quickly and seamlessly open an investment account through the platform’s digital onboarding journey, with instant access to their HSBC funds on the platform. Prospective customers can also access a simulated virtual trading platform, where they can learn how to invest with a 100k portfolio.

International scale is one of HSBC’s most distinctive competitive advantages, harnessing its expertise and services supporting over 41 million customers worldwide across 62 countries and territories. HSBC’s strategic ambition is to be the world’s most recommended bank for international customers.

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,001bn at 31 March 2024, HSBC is one of the world’s largest banking and financial services organizations.

Share

Latest

Related Content

Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

      Error: Contact form not found.

      The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

      COVID-19
      Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

      Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

      The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

      Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

      Request Nomination Pack

      Error: Contact form not found.