Market Chatter: HSBC to Outsource Parts of Trading Operations to Save Costs

MT Newswires Live
03/25

HSBC Holdings (HSBC) is mulling to outsource parts of its fixed-income trading order flow to an outside market maker as a way to save costs and complete with bigger rivals, Bloomberg reported Monday, citing sources.

People familiar with the matter told the news outlet that the decision would enable HSBC to save millions of dollars in costs associated with running global trading desks, which is vital as it completes with US rivals.

HSBC could strike a deal with Citadel Securities and Jane Street Group, but there is no certainty that the early-stage deliberations will result in a successful deal, Bloomberg reported.

HSBC didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 57.99, Change: +0.16, Percent Change: +0.28

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