The new service gives HSBC the ability to clear positions on behalf of investors who trade derivatives on the National Stock Exchange of India NSE. Upon offering the service, HSBC becomes a professional clearing member of the derivatives segment of the NSE. By definition, professional clearing members are clearing members who are not trading members.
Local and cross-border investors can now clear both equities and derivatives through HSBC in a market that is now ranked amongst the top 10 markets in terms of contracts traded on...
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