HSBC adds real-time flow data to auto-trader

The new system, which went live in May, incorporates price feeds from Reuters, EBS and proprietary spreadsheets, as well as from the bank's own real-time flow information at its centres globally. This gives a much more accurate picture of available liquidity, said Jake Smith London-based associate director in e-commerce treasury and capital markets at HSBC.

The system eases what has been referred to in the market as 'liquidity mirage', whereby market depth would be insufficient if all market-