HSBC launches new global wealth trading platform in UAE
The UAE is the first market in the HSBC global network to launch WorldTrader
HSBC launched a new digital trading platform in the UAE, providing customers with access to a wide range of investments internationally.
The platform, known as 'WorldTrader’, has a network covering up to 77 exchanges across 25 markets directly addresses the growing customer demand for international investments.
According to HSBC’s press statement, the platform will give HSBC Wealth and Personal Banking (WPB) customers access to up to 80 per cent of global stock market capitalisation to trade equities, exchange traded funds (ETFs) and bonds and to invest in mutual funds and fixed income products, using either HSBC’s mobile app or online banking.
The UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow, the lender noted.
HSBC’s Affluent Investor Snapshot 2024, a global survey polling investor behaviours and priorities across 11 international investment markets, revealed that more than half (55 per cent) of the survey’s respondents in the UAE plan to increase their overseas investments.
Dinesh Sharma, HSBC’s Regional Head of Wealth and Personal Banking for Europe, Middle East, and Africa, said that the UAE is one of the top five Wealth and Personal Banking markets for HSBC globally.