HSBC to Start Trading European Bond ETFs for First Time in 2016
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HSBC Holdings Plc is planning to start trading fixed-income exchange-traded funds in Europe next quarter as demand for the product grows.
The firm hired Ruban Shan from Goldenberg Hehmeyer LLP, an ETF broker, in July to help prepare for the initiative, said Mehmet Mazi, the London-based head of traded credit. HSBC may hire two more traders for the business, according to Mazi. The bank’s equity ETF traders may also be called upon to provide backup, he said.