HSBC Takes DMA to the Gulf

According to Kevin Bourne, managing director and global head of eEquities at HSBC, DMA to Dubai and Abu Dhabi is a high priority due to the substantial volume.

HSBC is a local member of the Middle Eastern exchanges and has offices located in Oman and Dubai. The firm is also a member of Dubai International Financial Exchange (DIFX).

The Middle Eastern exchanges do not offer a low-latency assisted offering and do not provide co-location capabilities in their markets, according to Bourne.

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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