HSBC opens post-trade marketplace
HSBC has launched a new open architecture platform to connect clients to a host of third party post-trade service providers.
The open architecture approach will allow partners to develop services directly on the platform, presenting a new distribution channel for post-trade services.
Stephen Pemberton, global head of product management, Direct Custody & Clearing, Markets & Securities Services at HSBC says the platform lowers the cost of experimentation and speeds time to market.
“With the launch of HSBC MarketSpace, we have reimagined the post-trade landscape and created an innovative, digital ecosystem,” he says. “Capitalising on our unique strengths, we’ve built a single entry platform that allows our clients to access the best post-trade services available from HSBC and others.”