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HSBC opens post-trade marketplace

HSBC opens post-trade marketplace

HSBC has launched a new open architecture platform to connect clients to a host of third party post-trade service providers.

Instead of having to establish and maintain a complex network of bilateral relationships throughout the post-trade value chain, HSBC MarketSpace offers multilateral connectivity to services and data.

The open architecture approach will allow partners to develop services directly on the platform, presenting a new distribution channel for post-trade services.

Stephen Pemberton, global head of product management, Direct Custody & Clearing, Markets & Securities Services at HSBC says the platform lowers the cost of experimentation and speeds time to market.

“With the launch of HSBC MarketSpace, we have reimagined the post-trade landscape and created an innovative, digital ecosystem," he says. "Capitalising on our unique strengths, we’ve built a single entry platform that allows our clients to access the best post-trade services available from HSBC and others."

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