HSBC Taps Interactive Brokers’ White Branded Platform WorldTrader

HSBC has partnered with Interactive Brokers to gain access to its comprehensive trading solution, giving their customers worldwide access to a uniform, cost-effective, and single platform to trade assets.

This is a milestone move for the banking industry as Interactive Brokers further revolutionizes how banks can offer brokerage services to their clients globally. The trading platform is designed to empower banks to meet the growing demand for comprehensive, secure, and accessible investment solutions.

HSBC using IBKR’s WorldTrader in UAE

By leveraging IBKR’s white label solution WorldTrader – a new digital investment platform powered by Interactive Brokers – HSBC customers in the UAE can now trade equities, exchange-traded funds (ETFs), and bonds in up to 25 markets and 77 exchanges globally via mobile app or online platform.

In addition to the United Arab Emirates, more markets are expected to be added soon, according to the announcement. 

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: “We are pleased that HSBC has chosen Interactive Brokers, a premier provider of white branded solutions for introducing brokers and banks. Our suite of services includes powerful technology and trading tools, competitive pricing, and access to global markets. Institutions worldwide continue to select our platform to streamline their businesses and meet the needs of their clients efficiently.”

IBKR’s unique offering for banks

Interactive Brokers offers a number of services for banks, which include automated trade execution, global reach, user interface, and market data so that banks can leverage advanced technology to offer their customers an unparalleled investment experience.

IBKR services for banks include

  • Automated Trade Execution: Around-the-clock trading across over 150 markets worldwide, ensuring bank customers never miss an opportunity.
  • Global Reach: Ability to serve bank customers in over 200 countries and territories with a unified trading platform.
  • User-Friendly Interface: A seamless digital experience simplifying account opening and trading, ensuring high user satisfaction.
  • Comprehensive Market Data: Free, real-time market data, news, and expert analysis to empower informed investment decisions.

Extended hours in Eurex/KRX, CFDs in Japan, and European CEDX

Interactive Brokers recently launched the Eurex/KRX Link with extended trading hours for Korean KOSPI 200 derivatives. The expanded trading hours align trading opportunities across Korean, US, and European time zones, providing seamless access for investors during US and European market hours. These include a variety of products such as KOSPI 200 Options, Mini-KOSPI 200 Futures, KOSPI 200 Futures, and USD/KRW currency futures.

Through Interactive Brokers Securities Japan Inc. (IBSJ), Japanese clients can now invest in CFDs alongside global stocks, options, and futures. This addition allows Japanese residents to actively trade US and global stocks and ETFs with leverage, providing a dynamic tool for enhancing their investment strategies and maximizing their trading potential.

Last month, Interactive Brokers went live with European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). IBKR clients will now have another means to trade European equity derivatives alongside a broad range of global financial instruments, including stocks, options, futures, currencies, bonds, funds, and more. Interactive Brokers’ existing European equity derivatives offering – through Eurex and Euronext – will now be complemented with CEDX-listed derivatives to give clients an additional way to manage European investments.

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