(19 October 2011 – Australia) HSBC now offers 24-hour access to live foreign exchange (FX) pricing and trading for retail and SME investors.The medium includes online and mobile banking with Get Rate, normally a domain for corporate customers but now available for its entire customer base.
HSBC’s Head of Savings and Investments, Michael Danby, said the bank was seeing growing demand among customers for live 24-hour FX trading.
“Since introducing this around-the-clock functionality, we have seen an increase of 30 percent among retail and SME customers trading FX online. By offering live foreign exchange on online and mobile banking, HSBC is meeting this growing customer demand and improving the overall FX experience for our customers.”
Get Rate allows investors to captialise on real-time FX market updates and trade up to 19 currencies, trade cross-currency pairs not limited to AUD as the base currency and access transferred FX funds instantly.