Called WorldTrader, Interactive Brokers’ new digital investment platform will enable HSBC clients in the UAE to trade equities, ETFs, and bonds in 25 markets across 77 exchanges.
Incoming individual previously spent 17 years at HSBC and also served at Lehman Brothers for 12 years.
The past week saw appointments across the C-suite, trading, equities, flow rates and institutional sales.
New appointment previously held similar roles for both EMEA and the Americas at Barclays and Goldman Sachs.
The transaction involved using HK$-denominated bonds as collateral from the largest digital bond issuance globally and is expected to help build liquidity for digital bonds.
The solution aims to empower clients through operational efficiency and a significant reduction in settlement costs.
ADX’s investment product knowledge and HSBC’s investment banking and blockchain capabilities will be leveraged to broaden the Middle East’s capital market use cases.
The past week saw appointments from Tourmaline Partners and BrokerTec, alongside departures from HSBC and RBC.
His departure comes as Edward J Achtner is appointed to lead HSBC's newly consolidated Office of Applied Artificial Intelligence (OAAI).
The parties in question have now been invited to make representations to the Competition and Markets Authority (CMA) before a final ruling is made.