HSBC launches India derivatives clearing service

New service allows HSBC to clear positions on behalf of NSE-traded derivatives.

Responding to the booming Indian derivatives market, HSBCÆs custody and clearing business has announced that it has launched a clearing service for institutional investors in India.

The new service gives HSBC the ability to clear positions on behalf of investors who trade derivatives on the National Stock Exchange of India NSE. Upon offering the service, HSBC becomes a professional clearing member of the derivatives segment of the NSE. By definition, professional clearing members are clearing members who...

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