Global electronic brokerage firm Interactive Brokers has collaborated with HSBC to enable HSBC's clients to access the global trading markets through a unified platform.

Initially Targeting the UAE

According to MarketsMedia, HSBC's customers in the UAE will be the first to benefit from this partnership. They will have access to equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, ETFs, and bonds in up to 25 markets and 77 exchanges worldwide. This is facilitated through WorldTrader, a digital investment platform powered by Interactive Brokers. The platform is accessible via mobile app or online, and plans to expand to more markets soon.

Speaking about this new offering, Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: "We are pleased that HSBC has chosen Interactive Brokers, a premier provider of white branded solutions for introducing brokers and banks."

"Our suite of services includes powerful technology and trading tools, competitive pricing, and access to global markets. Institutions worldwide continue to select our platform to streamline their businesses and meet the needs of their clients efficiently."

Through this partnership, Interactive Brokers and HSBC will reportedly offer a unified trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to customers in more than 200 countries and territories. The two entities aim to enhance brokerage services through the new offering.

The platform seeks to simplify account opening and trading to ensure high user satisfaction. Customers reportedly receive free, real-time market data, news, and expert analysis to make informed investment decisions.

Interactive Brokers Enhances Offerings

Meanwhile, Interactive Brokers recently extended trading hours for Korean derivatives during the US and European trading hours. The brokerage firm mentioned that this initiative aims to cater to a growing demand for global investment opportunities in South Korea’s equities and derivatives.

This extension allows traders to trade KOSPI 200 Options, Mini-KOSPI 200 Futures, KOSPI 200 Futures, and USD/KRW currency futures during US and European market hours.

In June, Interactive Brokers reported substantial growth in its performance metrics, showcasing a double-digit increase in daily average revenue trades (DARTs) and client equity. DARTs for the period were 2.469 million, a 26% increase from the previous year and a 5% rise from the prior month.

Client equity jumped 36% YoY to $497.2 billion, a 2% boost from the previous month. Additionally, client margin loan balances increased to $55.1 billion, a 32% increase from the previous year and a 4% rise from the prior month.