HSBC taps Delta Capita to facilitate Post-Trade OTC Derivative Services

By Gloria Mathias

Delta Capita, a global financial technology and managed services, has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.

Delta Capita has further expanded its operational footprint by establishing strategic hubs in Kuala Lumpur, Manila and Pune. These hubs enable seamless, 24/7 support for its global client base.  

Karen Everingham, Head of Markets and Securities Services Operations at HSBC, shared, “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 agreement underscores Delta Capita’s dedication to operational excellence through its innovative infrastructure-as-a-service model. By standardising post-trade processes and helping to reduce industry costs, this approach aims to deliver an exemplary service to our clients while addressing complex regulatory requirements.

‍Joe Channer, CEO of Delta Capita, added, “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.”

This milestone builds on Delta Capita’s recent achievements, including strategic acquisitions and advancements in capital markets technology. It further solidifies Delta Capita’s role as a trusted partner to global financial institutions seeking scalable, efficient solutions in an ever-evolving market.

It follows Delta Capita’s acquisition of LSEG’s CLM technology, Citi’s selection of Delta Capita to scale and commercialise Citi’s QMA software, and the creation of MACH, the capital markets blockchain software chosen by Montis in 2023 as its platform of choice.