COUNTERPARTY FILE · last re-checked 2026-09
HSBC Global FX — institutional liquidity provider
This record reflects ongoing compliance considerations for HSBC Bank plc's FX operations.
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA | 114216 | UK | tier-1 | open source ↗ |
| PRA | not verified | UK | tier-1 | open source ↗ |
| MAS (merchant bank / wholesale) | not verified | Singapore | tier-1 | open source ↗ |
| SEC/FINRA (BrokerCheck, HSBC Securities (USA) Inc.) | 8-41562 | US | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
Unpublished MAS licence number
The MAS licence number for HSBC Bank plc is not published on the register API this pass.
Source: MAS register API
Gaps in firm age disclosure
Founded in 1865 is the bank's record, not specifically the FX arm.
Source: hsbc.com who-we-are/our-history
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- HSBC was founded in March 1865 in Hong Kong financing trade between Europe and Asia (hsbc.com who-we-are/our-history)
- HSBCnet provides FX and MM Trading e-liquidity in the global foreign exchange market with real-time trade/limit/margin monitoring (hsbcnet.com online-services page)
Claims we cannot verify from outside
- Liquidity/volume claims on regional HSBC FX pages (self-measured)
- HSBCnet FX and MM Trading country-expansion reported by Euromoney citing HSBC — media-sourced, treated as unverified
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs, FX options, Money markets | EBS, Reuters, CME FX, CLS | FIX, HSBCnet FX and MM Trading platform, HSBC Global eFX API | Corporates, Institutional investors, Banks, Asset managers, Governments | Retail clients (institutional FX lines) |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.