Delta Capita has been chosen by HSBC to provide OTC derivatives confirmation and settlement services globally through a multi-year agreement.
Under this arrangement, HSBC will implement Delta Capita’s Infrastructure-as-a-Service (IaaS) model, which offers managed services for core post-trade processing of OTC derivatives.
Karen Everingham, head of markets and securities services operations at HSBC, stated: “The agreement we have established with Delta Capita opens up new opportunities for us to enhance our derivative post-trade services for our valued clients.”
This partnership follows Delta Capita’s acquisition of LSEG’s CLM technology and Citi’s decision to select Delta Capita for scaling and commercializing its QMA software. Additionally, the creation of MACH, a capital markets blockchain software, was recognized by Montis in 2023 as its chosen platform.
Delta Capita has also expanded its operational presence by establishing strategic hubs in Kuala Lumpur, Manila, and Pune to provide 24/7 support for its global client base.
Joe Channer, CEO of Delta Capita, remarked: “We are delighted to have been appointed by HSBC to provide operational services. This collaboration reflects our expertise in delivering cost-efficient, scalable post-trade solutions and reaffirms our commitment to driving innovation in financial services.”