e-FX Awards: HSBC – Best e-FX Platform for Corporates

The banking giant now has the institutional space in its sights with e-FX platform Evolve

lee butler hsbc
Lee Butler, global head of FX e-distribution at HSBC

HSBC’s decision to invest and upgrade its electronic foreign exchange capabilities is starting to pay off. The bank, with its large and diverse corporate franchise, has crept up to be the number one dealer among corporates trading on multi-dealer platforms, according to an industry survey, picking up the largest market share across the top 10 space.

The UK behemoth is one of a handful of banks to invest in electronic trading capabilities, focusing first on flow products in their core franchises