UAE customers of banking giant HSBC can now buy and sell equities and exchange-traded funds (ETFs) using their smartphones with the launch of its mobile service.
Mobile Equities, available through HSBC’s app, offers real-time trading for stocks and ETFs listed on the New York Stock Exchange, Nasdaq, the London Stock Exchange and the Hong Kong Stock Exchange.
The service gives customers access to around 60% of global stock market capitalisation.
The UAE is the first market in HSBC’s Middle East, North Africa and Turkey (Menat) region to get the service.
Daniel Robinson, HSBC UAE’s head of wealth and personal banking, said: “Our aim is to double our assets under management in our UAE wealth and personal banking business in the next three years by putting the global power of HSBC into every customer’s pocket, offering simpler, smarter and more secure digital banking, blended with the expertise of our qualified advisers.
“Introducing equities and ETFs on the mobile app allows customers to take control of their investments in real-time, while our qualified relationship managers help customers plan and manage their wealth in line with their agreed goals and risk appetite.”