HSBC partners with Bloomberg for increased post-trade efficiency
09 February 2022 US
Image: oatawa
HSBC has partnered with Bloomberg to support real-time trade management processes, including matching and settlement for mutual clients.
The partnership will merge Bloomberg AIM, an investment and order management system, with HSBC’s middle office technology to offer a post-trade workflow through product and data integrations.
Through the partnership, mutual clients will benefit from higher straight-through processing rates and data accuracy, minimising operational risks and costs while maintaining oversight of the end-to-end process, says HSBC.
These capabilities are the first of a series of ongoing integrations between Bloomberg Buy-Side Solutions and HSBC as a part of overall strategy to drive additional simplicity, transparency and insights into the investing and servicing lifecycle, the global bank adds.
Now live, the offering is available to Bloomberg clients that outsource their middle office operations to HSBC.
Alan Plom, global head of middle office for HSBC, says: “We see this as a natural evolution to our strategy of providing connectivity directly to our clients’ preferred front office solutions. In addition to providing ongoing transaction status visibility to our clients, it will also enable a faster on-boarding time for those clients that choose to utilise the Bloomberg AIM front office system.”
Ian Peckett, global head of buy-side product at Bloomberg, comments: “Bloomberg is proud to work with HSBC Securities Services and other leading asset servicers to provide our clients with access to data, technology and workflows they need to make critical investment decisions. These integrations drive operational efficiency for our clients, and reduce risk and costs by providing them with optionality, flexibility and collaboration to support their needs in an evolving market.”
The partnership will merge Bloomberg AIM, an investment and order management system, with HSBC’s middle office technology to offer a post-trade workflow through product and data integrations.
Through the partnership, mutual clients will benefit from higher straight-through processing rates and data accuracy, minimising operational risks and costs while maintaining oversight of the end-to-end process, says HSBC.
These capabilities are the first of a series of ongoing integrations between Bloomberg Buy-Side Solutions and HSBC as a part of overall strategy to drive additional simplicity, transparency and insights into the investing and servicing lifecycle, the global bank adds.
Now live, the offering is available to Bloomberg clients that outsource their middle office operations to HSBC.
Alan Plom, global head of middle office for HSBC, says: “We see this as a natural evolution to our strategy of providing connectivity directly to our clients’ preferred front office solutions. In addition to providing ongoing transaction status visibility to our clients, it will also enable a faster on-boarding time for those clients that choose to utilise the Bloomberg AIM front office system.”
Ian Peckett, global head of buy-side product at Bloomberg, comments: “Bloomberg is proud to work with HSBC Securities Services and other leading asset servicers to provide our clients with access to data, technology and workflows they need to make critical investment decisions. These integrations drive operational efficiency for our clients, and reduce risk and costs by providing them with optionality, flexibility and collaboration to support their needs in an evolving market.”
Next data services article →
Ideal launches analytics solution Impact API using Pyth Network market data
Ideal launches analytics solution Impact API using Pyth Network market data
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
