HSBC Eyes End of Derivatives Platform Migration
"In many banks, the derivatives team would build their own market access platforms with a lot of capabilities that already work in the cash world," explains Kevin Bourne, managing director and global head of eEquities at HSBC.
Over the past 12 to 18 months, the bank has gotten much of its derivatives flow-approximately 70 to 80 percent-through its global Fidessa implementation, which was initially deployed for its cash equities business. "There are only a few areas where it doesn't go through
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