HSBC UAE launches online trading platform for wealth clients
Tuesday, 07 28 2020, Category: Banking, Country: U.A.E
HSBC UAE has launched a new online trading platform, enabling its retail customers across the country to trade shares and exchange traded funds on major stock exchanges in real-time.
The trading platform has been integrated into the bank’s Personal Internet Banking portal, which ensures customers manage their accounts, savings and investments in one place.
The platform is accessible to the bank’s eligible wealth and personal banking customers in the UAE – those who have an investment account opened with Jersey registered firm Pershing (Channel Islands) Limited.
The digital platform enables investors to manage their equity securities portfolio 24/7 and submit orders with real-time execution. Orders submitted on the platform will be received by HSBC UAE as the customer’s agent, and transmitted forward to HSBC Bank in the UK for execution, as a broker.
HSBC’s customers will also have access to live market data streams on the platform.