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.
