HSBC outlines e-commerce developments

HSBC discusses the integration of e-commerce platforms with traditional businesses.

At a press briefing in Hong Kong yesterday Thursday, HSBC outlined what it sees as some of the key developments in e-commerce initiatives taken by the bank over the past year. Central to these are the bank's online FX trading facility and its involvement with the BondsInAsia trading platform for fixed income securities.

Tony Cripps, head of e-commerce for the Asia pacific region, admits that the bank may not have been vocal about HSBC's commitment to this side of the business before, but that was very much a deliberate ploy as the bank strove to provide products with substance more than style.

We've not been overly active in marketing our activities...

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