GENEVA (April 23, 2009)
TradingScreen Inc., the premier global execution management system (EMS) providing multi-broker and multi-asset class trading systems to more than 1000 Buy-Side institutions, today announced an agreement to offer to HSBC Private Bank (Suisse) SA, based in Geneva, direct access to the Swiss Stock Exchange (SWX) through TradingScreen’s Private Banking Workstation (PBW).
The recently launched Private Banking Workstation (PBW) closely integrates all the key functions required by the Private Banker / Relationship Manager from market information (news, market data, blogs, chat), and multi-asset class execution to straight through processing in a single easily downloadable trading application.
TradeExchange® is a fully outsourced exchange connectivity solution allowing exchange members direct access to most equity and futures exchanges with no infrastructure. TradeExchange® incorporates access to the new SWX trading platform, SWXess, currently being rolled out to exchange members. The solution provides users with immediate access and significant cost savings.
Commenting on the agreement Philippe Buhannic, CEO of TradingScreen, Inc. said: “We are very pleased to develop further our long standing relationship with a leader in private banking like HSBC and provide them with our Private Banking Workstation (PBW) combined with access to SWX through TradeExchange®. TradingScreen has worked for years to improve large private banker’s workflow and offer these innovative products that meet the market needs for simplicity and efficiency. These products are backed up by a local TradingScreen presence in Geneva and will leverage fully, the multiple possibilities offered by the new SWX platform.”
"TradingScreen brings a recognized expertise of the trading workflow combined with an innovative deployment and integration approach that meets our needs as a global private bank. We are pleased to develop our partnership further" said Christine Lynch, Managing Director of the Private Bank Investment Group at HSBC Private Bank (Suisse) SA. "Using TradingScreen to connect to the Swiss Exchange provides us with the functionality to handle sustained growth in our trade volumes as well as to automate reporting requirements to both internal and external regulatory bodies"
Interested press and analysts may contact:
Direct: +1 212 359 4018
Direct: +41 79 251 7609
TradingScreen, Inc. is accelerating the technical evolution of the world’s financial markets by providing a fully integrated, customer-oriented trading service platform to institutional investors.TradingScreen’s global, multi-asset class proprietary system links institutional investors and sell- side firms, thus facilitating order routing, execution management, clearing and additional value- added services (including straight- through processing and prime brokerage.) This functionality is delivered in a proven, reliable ASP install-and-support model. TradingScreen provides global coverage from offices in New York, Chicago, London, São Paulo, Hong Kong, Singapore, Sydney and Tokyo.
About HSBC Private Bank
HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank and the private banking activities of HSBC Trinkaus as well as the HSBC Private Banking entities, known collectively as Global Private Banking, provides services to high net worth individuals and their families through 96 locations in some 43 countries and territories in Europe, the Americas, the Asia-Pacific region, the Middle East and Africa. Private Banking and Wealth Management Services in and from the United States are offered through HSBC Private Bank Americas, a division of HSBC Bank USA, N.A., and HSBC Private Bank International in Miami.
Profits before tax were US$1,447 million for the year ended 31 December 2008 and combined client assets under management were US$433 billion.
HSBC Private Bank draws on the strength of the HSBC Group, one of the world’s largest banking and financial services organisations, providing a comprehensive range of financial services more than 100 million customers.