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HSBC HOLDINGS Considering Outsourcing Some Trading Biz to Save Costs: Wire
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HSBC HOLDINGS (00005.HK) is considering outsourcing parts of its huge trading business to save further costs, according to Bloomberg. HSBC HOLDINGS has held preliminary discussions with external market makers such as Citadel Securities and Jane Street Group about outsourcing some of its fixed-income trading orders, a move that would save the Group millions in IT costs, the sources said. AAStocks Financial News |
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