Published: 14:37, June 25, 2024
HSBC launches global wealth trading platform in UAE
By WAM - Emirates News Agency
The logo of HSBC is seen at the entrance of the HSBC Main Building in Central, Hong Kong, on Nov 8, 2023. (GARY CHIU / CHINA DAILY)

DUBAI - HSBC has announced the launch of “WorldTrader” in the United Arab Emirates, a digital trading platform providing customers with access to a wide range of investments internationally.

World Trader's extensive 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 percent of global stock market capitalization 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.

READ MORE: IMF expects UAE economy to grow by 4% in 2024

HSBC’s Affluent Investor Snapshot 2024, a global survey polling investor behaviors and priorities across 11 international investment markets, revealed that more than half 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.