HSBC has launched a new digital trading platform in the United Arab Emirates called WorldTrader.
WorldTrader will give the bank’s Wealth and Personal Banking customers access to trade stocks, exchange-traded funds and bonds across over 25 global markets directly from their mobile banking app or online account.
This covers up to 77 exchanges and around 80 percent of the world’s stock market value.
“Our new wealth trading platform empowers our customers by providing seamless access to trade equities, ETFs, and bonds across international capital markets, ensuring they have the tools they need to build and manage a truly global wealth portfolio. The UAE holds significant strategic importance for HSBC, and WorldTrader is one of many ways we are investing in our digital wealth capabilities to better serve the sophisticated needs of our international-minded affluent clients,” Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East said.
New HSBC WorldTrader platform
The UAE is the first country where HSBC has launched WorldTrader, with other markets in Asia and the Middle East to follow.
This reflects increasing demand from investors in the UAE to diversify into international investments.
A recent survey by the bank found over half of respondents in the UAE plan to raise their overseas investments in the coming years.
Dinesh Sharma, Regional Head of Wealth and Personal Banking (WPB), EMEA, HSBC, said that the UAE is one of the top five Wealth and Personal Banking markets for the bank globally.
“We are digitising at scale to provide best-in-class wealth management solutions for our customers, that help them achieve their investment goals. Simplicity, sophistication in user experience, access to global exchanges, and security were all top priorities for our customers in choosing an investment platform, and WorldTrader is built to meet those requirements. We see strong demand for international wealth management services in the UAE, and the increasing digital proficiency of customers here makes it the perfect launchpad for WorldTrader,” he added.
Follow us on
