HSBC introduces client clearing with HKEX’s OTC Clear
HKEX’s derivatives clearing arm OTC Clear has completed the first client trade via client clearing.
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.
Stock links and connects are highly contrived and usually unnecessary, but Richard Meyer finds out that when they are needed, they tend to work well.
Noel Quinn has been serving as interim chief executive, following the departure of former CEO John Flint last year.
Global markets and securities services businesses will be combined at HSBC into a single unit, with new roles for its two custody heads.
Equities sales and trading in Europe and the US fixed income division set for overhaul at HSBC as part of restructure plans.
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
Maxim Safonov joins BCS Global Markets after more than two years leading local rates and credit trading for HSBC in Europe.