HSBC rolls out broker-dealer outsourcing in Thailand

HSBC Securities Services has launched outsourced clearing and settlement processing services for broker-dealers in Thailand, expanding on the bank’s footprint for so-called account operator services in the region, where emerging markets will be a key focus. The new service is being offered to local Thai and cross-border broker-dealers seeking to outsource their securities back-office operations. HSBC will clear and settle trades executed on the Thailand Stock Exchange on behalf of…