HSBC expands emerging markets DMA offering

Global banking group HSBC has started offering direct market access (DMA) to the Shanghai, Shenzen, Istanbul and Thailand stock exchanges.
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Global banking group HSBC has started offering direct market access (DMA) to the Shanghai, Shenzen, Istanbul and Thailand stock exchanges.

HSBC introduced the new links, which provide full DMA, in response to demand from its global fund manager clients.

The bank already offers DMA in 32 markets, and plans to expand its emerging markets DMA capabilities further in 2009.

“This new roll-out provides our customers with automated access to trade seamlessly onto four new exchanges, regardless of where the clients are located,” said Kevin Bourne, global head of e-equities, HSBC, in a statement.

A number of other firms have been establishing DMA links in emerging markets recently. At the beginning of this week, Thai broker Seamico Securities teamed up with trading technology firm GL Trade to offer direct market access to the Stock Exchange of Thailand.

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