The Hongkong and Shanghai Banking Corporation (HSBC) has unveiled "WorldTrader," a new digital trading platform in the UAE that provides customers with access to a broad range of international investments.
WorldTrader's extensive network spans up to 77 exchanges across 25 markets, catering to the increasing demand for global investment opportunities. According to HSBC's press statement, the platform will allow HSBC Wealth and Personal Banking (WPB) customers to trade equities, exchange-traded funds (ETFs), bonds, and invest in mutual funds and fixed-income products, all through HSBC's mobile app or online banking.
The UAE is the first market within HSBC's global network to introduce WorldTrader, with plans to expand to selected markets in Asia and the Middle East.
HSBC’s Affluent Investor Snapshot 2024, a global survey of investor behaviors and priorities across 11 international markets, revealed that 55% of respondents in the UAE intend to increase their overseas investments. This underscores the growing appetite for international trading among UAE investors.
Dinesh Sharma, HSBC's Regional Head of Wealth and Personal Banking for Europe, the Middle East, and Africa, noted that the UAE is one of HSBC's top five Wealth and Personal Banking markets globally, highlighting the strategic importance of launching WorldTrader in the region.
HSBC, or the Hongkong and Shanghai Banking Corporation, is one of the world's largest banking and financial services organizations. Established in 1865, HSBC has grown into a global institution with a presence in over 60 countries, serving more than 40 million customers. The bank offers a wide range of services including personal banking, commercial banking, wealth management, and global banking and markets. With a commitment to innovation and customer service, HSBC continues to expand its digital capabilities, such as the recent launch of the WorldTrader platform, to meet the evolving needs of its diverse client base.
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