HSBC Integrates with Bloomberg AIM

HSBC and Bloomberg have unveiled a collaboration to offer seamless post-trade workflow product and data integrations for mutual clients – something they say is the first of a series of ongoing integrations between Bloomberg buy side solutions and HSBC.

The integration brings together Bloomberg AIM, the firm’s investment and order management system, with HSBC’s middle office technology and operational expertise to support, the firms say, efficient, real-time trade management processes, including matching and settlement. As a result, they add, mutual clients are provided with trade lifecycle transparency to deliver actionable insights to their front office, risk, and operations teams – they will also achieve higher STP rates and data accuracy.

“We see this as a natural evolution to our strategy of providing connectivity directly to our clients’ preferred front office solutions,” says Alan Plom, global head of middle office at HSBC. “In addition to providing ongoing transaction status visibility to our clients, it will also enable a faster onboarding time for those clients that choose to utilise Bloomberg AIM front office system.”

Ian Peckett, global head of buy side product at Bloomberg, adds, “These integrations drive operational efficiency for our clients and reduce risk and costs by providing them with optionality, flexibility and collaboration to support their needs in an evolving market.”