AiMAX multi-asset index from HSBC uses artificial intelligence and big data as method for portfolio construction across 15 asset classes.
The tool from HSBC will allow asset managers to assess the effectiveness of hedging strategies and will be integrated with the bank’s single dealer platform later this year.
The bank said it would be targeting wealth management and commercial banking to achieve ‘double digit growth’ in Asia alongside pledging to invest $6 billion in the region.
The chatbot uses natural language processing to analyse information from numerous sources and distribute it to clients as well as internally within the bank.
Following a temporary suspension of its restructure due to the pandemic, HSBC confirms it will now speed up its transformation plans.
As algorithmic trading in the FICC markets increases, the FMSB has released a statement of good practice as a transparency draft for market consultation.
HKEX’s derivatives clearing arm OTC Clear has completed the first client trade via client clearing.
Recent funding round was led by Albion VC, with HSBC and ING Ventures, as TransFICC eyes launch of buy-side platform.
Chief executive at HSBC Noel Quinn tells analysts that pausing thousands of job cuts will cost the bank in lost savings this year.
Plans to cut jobs and overhaul the global markets division at HSBC were confirmed by chief executive Noel Quinn earlier this year in February.