HSBC selects processing platform for global operations

New OPSCO unit aims to centralize processing across all asset classes and locations.

OPSCO, a unit recently formed to develop a global operations capability at HSBC, has selected San Francisco-based vendor Calypso to provide the processing platform for the group's worldwide treasury markets and securities trading operations.

Most of the work for this is being done in Hong Kong and Shenzen, which remains the bank's back-office technology centre.

Amongst our goals are the reduction of transaction costs and the enhancement of services to HSBC Group's customers, says Andy Mayer, director...

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