HSBC Trinkaus and Burkhardt live with Reuters FX; 3000 Xtra displaces Moneyline at Erste Bank
02 February 2004 | 4406 views | 0
HSBC Trinkaus and Burkhardt, based in Germany, has launched its branded online foreign exchange portal using the Reuters Electronic Trading - Automated Dealing (RET-AD) hosted service.
The bank is using the system to provide clients with a global online foreign exchange system. Clients can use the service to outsource trading and processing to the HSBC Group globally.
Tony Cripps, global head of e-commerce, corporate, investment banking and markets, HSBC, says: "This is an important step in our plans to provide clients with the ability to outsource trading and processing to the HSBC Group on a partial or exclusive basis. Clients benefit by gaining access to expanded services while outsourcing risk management."
Reuters says HSBC is the first tier one bank to use the hosted platform as a white-labelled service.
Willi Ufer, head of trading, HSBC Trinkaus and Burkhardt, says the system allows the bank to customise services to the local market and provide access to the global liquidity services provided by HSBC.
Separately, Erste Bank der oesterreichischen Sparkassen, the second largest bank in Austria, is rolling out Reuters' premium desktop product, 3000 Xtra, to 140 staff at its headquarters in Vienna, displacing systems from Moneyline Telerate.
Erste Bank has also signed up to the Reuters Traders product and Reuters Market Data System (RMDS).