HSBC has strengthened its foreign exchange franchise with the launch of a new product for Hong Kong-based retail clients.

The new Margin FX trading service is a collaboration between the bank and OANDA Corporation in a bid to distribute the HSBC foreign exchange network to more clients. OANDA is a financial services provider that specializes in currency conversion, online FX trading and online foreign currency transfers.

The platform receives prices from HSBC's global FX dealing desks, direct to the desktops and mobile devices of the bank's qualifying retail customer base. The initiative is part of the company's continuing investment into more streamlined technologies to enhance the customer experience. The platform offers the retail FX trading space a real-time margin trading solution for investors and wealth customers as part of an existing banking platform.

It is now available to qualifying HSBC clients in Hong Kong.