From Yahoo Finance: 2025-03-24 13:14:00

HSBC is considering outsourcing fixed income trading order flow to a third-party firm to handle background processes like technology and analytics, Bloomberg reports. The bank may deal with customers directly but could partner with Citadel Securities or Jane Street Group. New CEO Georges Elhedery has already made significant cuts to senior jobs and deals teams to streamline operations. This move reflects a broader trend of banks losing trading business to non-bank market makers with advanced technology capabilities.



Read more at Yahoo Finance: HSBC mulls outsourcing some fixed income trading, Bloomberg News reports