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2025-03-252025-03-251133221100
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hsbc explores outsourcing trading operations to enhance competitiveness and cut costs

HSBC is exploring outsourcing parts of its fixed income trading operations to external market makers like Citadel Securities and Jane Street Group to reduce IT costs amid a strategic restructuring under new CEO Georges Elhedery. This move aims to enhance trading pricing for customers while addressing the bank's declining market share in a competitive landscape dominated by U.S. rivals. However, concerns remain about potential impacts on HSBC's competitiveness in prime brokerage services.
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United States Dollar HSBC Holdings plc GBR USA Philip Richards Georges Elhedery Uzair Kundi Show more
Business & Industry, Market Report
23:00 25.03.2025

hsbc considers outsourcing trading operations to enhance competitiveness and cut costs

HSBC is considering outsourcing parts of its trading operations to improve returns and reduce technology costs, potentially partnering with firms like Citadel Securities and Jane Street. This move reflects the challenges faced by major banks in competing with non-bank liquidity providers, which have significantly increased their market share. Under new CEO Georges Elhedery, HSBC is restructuring to focus on profitable areas, having already cut back on subscale operations in mergers and acquisitions.
The Straits Times
United States Dollar HSBC HOLDINGS GBR Philip Richards Pam Kaur Georges Elhedery Kenneth C. Griffin Uzair Kundi Show more
Business & Industry, Market Report
01:41 25.03.2025
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