London -HSBC and Reuters (LSE: RTR), the global information company, today announced that HSBC Trinkaus & Burkhardt, based in Germany, has launched its online foreign exchange portal using Reuters Electronic Trading- Automated Dealing hosted service. HSBC is the first tier one bank to use the hosted platform as a white-labeled service. This follows last year's signing of a letter of intent, which confirmed HSBC's decision to select Reuters to provide the required capabilities for this service.

The service enables HSBC Trinkaus & Burkhardt to provide its clients with a global online foreign exchange service allowing trades to be outsourced in real-time to the HSBC Group globally. The hosted service provides an efficient, cost-effective solution.

Willi Ufer, Head of Trading, HSBC Trinkaus & Burkhardt, said, "This service enables Trinkaus & Burkhardt to expand its foreign exchange business through the provision of an additional trading channel to its own client base. It provides us the flexibility to customise to our local market. White-labelling provides access to the global liquidity services provided by the HSBC."

HSBC's Tony Cripps, Global Head of E-Commerce, Corporate, Investment Banking and Markets, said "This is an important step in our plans to provide clients with the ability to outsource trading and processing to the HSBC Group on a partial or exclusive basis. Clients benefit by gaining access to expanded services while outsourcing risk management. Our new white label service takes advantage of Reuters independent hosting and market leading technology to offer the global reach and liquidity of HSBC."

Mark Redwood, Managing Director, Reuters Automated Dealing Technologies, said, "We are delighted to have worked with both HSBC and Trinkaus & Burkhardt to enable them to launch this new service. HSBC has been a long-time customer of Reuters automated dealing services so it is particularly pleasing that they have chosen to use our hosted service based on our new automated dealing platform."

Reuters Automated Dealing Technologies business specialises in providing leading-edge technology to financial institutions and their customers to conduct FX and money market transactions in a real-time environment over the Internet. The group has provided Automated Dealing Technologies solutions to over 60 leading global financial institutions including ABN AMRO, Bank of America, Bank of New York, Dresdner Kleinwort Wasserstein, HSBC, JPMC, UBS, amongst others.

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