HSBC launches WorldTrader platform in UAE to access global investment
Date
6/25/2024 6:05:59 AM
(MENAFN) On Monday, HSBC bank introduced the WorldTrader platform in the UAE, a digital platform designed to facilitate international investment and trading for its customers. This innovative platform provides access to a vast array of securities across 77 stock markets in 25 countries, enabling clients to directly execute their international investment transactions.
According to a press release issued by HSBC, the WorldTrader platform will offer wealth management and personal banking clients the ability to engage with approximately 80 percent of the global stock market's value. Users can trade stocks, mutual funds, and tradable bonds, as well as invest in mutual funds and fixed income products, all through the convenience of the HSBC mobile app or online banking services.
The UAE marks the first market within HSBC's global network to roll out the WorldTrader platform, with plans for subsequent launches in select Asian and Middle Eastern markets. The initiative underscores the strategic importance of the UAE for HSBC, which ranks it among the bank’s top five markets globally for wealth and personal banking.
Supporting this launch is the HSBC Wealthy Investors Survey 2024, a comprehensive global study examining investor trends and priorities across 11 major investment markets. The survey revealed that a significant proportion of UAE participants, 55 percent, intend to increase their investments abroad, highlighting a strong demand for international investment opportunities.
Dinesh Sharma, Regional Head of Wealth Management and Personal Banking for EMEA at HSBC, emphasized the significance of the UAE market in the bank’s global strategy, reinforcing the country’s pivotal role in HSBC's wealth management and personal banking operations.
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