Yieldbroker

Sydney, 13th Oct 2010

HSBC has joined Yieldbroker Pty Limited’s Dealer & Client platform, effective October 11 2010. HSBC clients can now access up to 18 pricemakers on the Yieldbroker trading platform.

Richard Swift, Manager Director of Yieldbroker, commented: “Yieldbroker continues to offer comprehensive access to pricemakers in Australian and New Zealand debt markets, providing our institutional clients with enhanced price transparency, superior deal execution and unprecedented liquidity.

“The next few years also promise some exciting developments, as we leverage this broad participation across buy and sell-side institutions to co-operatively develop dealing solutions and straight-through-processing functions that will benefit all debt market participants.”

According to Gavin Powell, Head of Global Markets for HSBC Bank Australia: "HSBC’s strategy is focused on providing our local and global clients with solutions to support the investment flows between developed and emerging economies.

“In Australia, this means assisting our clients in structuring and financing transactions with a particular focus on the international connectivity between Australia and Asia.

“We want to build out that capacity and with Yieldbroker on board we are in a position to increase our presence in the fixed income market and enhance the service we are offering both our Australian and global institutional client base," Powell said.

Clients wishing to enable trading with HSBC should contact the Yieldbroker helpdesk on 1800 220 550 or helpdesk@yieldbroker.com.

About Yieldbroker

Founded in 1999 as a co-operative venture between leading debt market participants, Yieldbroker was formed to provide the systems infrastructure, regulatory framework and compliance oversight necessary to facilitate the growth of orderly electronic marketplaces in Australian and New Zealand debt securities and derivatives.
Commencing operation in 2001, Yieldbroker’s Dealer & Client market has become the dominant electronic trading platform in the local debt marketplace. An Interdealer market was added to the platform in 2007. Yieldbroker also operates an auction system that is utilised by AOFM for the issuance of Australian Government Treasury Bonds, Treasury Indexed Bonds and Treasury Notes, by the RBA to conduct long-end liquidity operations and by a number of semi-government borrowers.

For more information about Yieldbroker, please visit www.yieldbroker.com

About HSBC

HSBC’s Global Banking and Markets is a global business that provides the world’s largest corporates and institutions with seamless financial services across multiple geographies. The Global Banking and Markets strategy is emerging markets-led and financing-focused, providing global clients with financing solutions to support the investment flows between developed and emerging economies.

HSBC’s Global Banking and Markets provides:

• Global Markets sales and trading in foreign exchange, rates, credit and structured derivatives 
• Global Markets fixed income 
• Global Capital Financing – incorporating leveraged and acquisition finance, equity capital markets, debt capital markets, asset and structured finance and project finance execution 
• Global Investments – distributing HSBC Global Asset Management and HSBC Alternative Investments products 
• Securities Services – custody and clearing and fund services

For further information contact:

Richard Swift
Managing Director
Yieldbroker
Tel. +61 2 9994 2890
richard.swift@yieldbroker.com

Gavin Powell
Head of Trading
Global Banking & Markets
HSBC Bank Australia Limited
Tel. +61 2 9255 2295
gavin.r.powell@hsbc.com.au