HSBC Global Private Banking has launched online trading for structured products in Asia. The new feature enables private banking clients in the region to trade fixed-coupon notes on their mobile phones, alongside cash equities, exchange-traded funds ( ETFs ) and foreign exchange which are already available on the platform. Support for equity-linked notes will be added later this year.

Clients now have direct access to trade structured products via mobile with coverage for underlying stocks across eight markets including the United States, Hong Kong, Singapore, the United Kingdom, France, Germany, Japan and Australia.

Fixed-coupon notes available online are created and priced ( via open architecture ) daily by the firm’s structured products desk, giving clients access to timely investment ideas with an intuitive interface. A dedicated digital client services team is on hand to provide support 20 hours a day, Monday to Friday, across each market’s opening hours.

“Currently, over 30% of execution-only trades in Asia are completed online, around two-thirds of our clients are digitally engaged, and the numbers continue to grow,” says Siew Meng Tan, regional head of HSBC Global Private Banking for Asia-Pacific. “This shows that the digital tools and journeys we are developing are really resonating with our clients across the region.”

HSBC Global Private Banking is investing US$100 million over a two-year period to build and innovate its core banking and digital platforms.