HSBC Securities Services enhances transaction processing
03 November 2010 London
Image: Shutterstock
HSBC Securities Services (HSS) has announced the successful roll-out of a
significant enhancement to its global transaction processing infrastructure. The
enhancement, already well established by HSS for use in Europe, provides improved
solutions in trade capture, validation and routing as well as trade matching and
settlement management (including connectivity into various standard market
infrastructures). The platform will greatly facilitate the globalisation of HSS's trade
capture, matching and settlement management capabilities for its Fund Services
business across a broad product range - including traditional and alternative fund
ranges - via a single, global, operating infrastructure.
Alan Plom, Global Product Head for Investment Operations at HSS says: "This is a
significant step towards truly integrating our trade capture and processing capabilities
across our global client base and provides an enhanced service provision. Given the
high level of interest in middle office services, this will provide our clients with a
single consistent trade capture and processing infrastructure across their fund ranges
and geographic locations that can be supported on a continuous basis throughout the
various time zones in which our clients transact business".
On-going phases of the project will include a rapid expansion of instrument coverage
within the same global operating infrastructure, particularly in respect of the wide
range of derivative transactions supported by its Fund Services business. "This
demonstrates HSBC's commitment to investing in our global, middle office
operations platform and will enable us to broaden our service offering in a consistent
and comprehensive manner to a wide range of existing and prospective clients" said
Plom.
significant enhancement to its global transaction processing infrastructure. The
enhancement, already well established by HSS for use in Europe, provides improved
solutions in trade capture, validation and routing as well as trade matching and
settlement management (including connectivity into various standard market
infrastructures). The platform will greatly facilitate the globalisation of HSS's trade
capture, matching and settlement management capabilities for its Fund Services
business across a broad product range - including traditional and alternative fund
ranges - via a single, global, operating infrastructure.
Alan Plom, Global Product Head for Investment Operations at HSS says: "This is a
significant step towards truly integrating our trade capture and processing capabilities
across our global client base and provides an enhanced service provision. Given the
high level of interest in middle office services, this will provide our clients with a
single consistent trade capture and processing infrastructure across their fund ranges
and geographic locations that can be supported on a continuous basis throughout the
various time zones in which our clients transact business".
On-going phases of the project will include a rapid expansion of instrument coverage
within the same global operating infrastructure, particularly in respect of the wide
range of derivative transactions supported by its Fund Services business. "This
demonstrates HSBC's commitment to investing in our global, middle office
operations platform and will enable us to broaden our service offering in a consistent
and comprehensive manner to a wide range of existing and prospective clients" said
Plom.
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