HSBC does first legally binding trades on BondsInAsia

Trading to continue between shareholder banks ahead of full-scale launch.

HSBC has completed its first live trades on the BondsInAsia trading platform, marking the start of legally binding online trades in the first three BondsInAsia markets Hong Kong, Singapore and the G3 currencies US dollar, yen and euro.

Currently trading is taking place only between the BondsInAsia's five shareholder banks, building on the system testing that has been carried over the past few months in which dummy trades have been executed over the live platform to test reliability.  BondsInAsia has declined to set a date for when the trading platform will be open to all market participants.

The system performed well, says Anita Fung,...

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