HSBC Securities USA

"The Adviser integrates information, computing power and human skill to attempt to systematically extract alpha." - Two Sigma Advisors, LP brochure On October 17, 2019, Bloomberg reports that "HSBC Considers Equity Pullback in London, New York, Germany." We used this as a catalyst to add to our ongoing bank-owned broker-dealer modeling. Here's a review of Alphacution's prior analysis in this space: Alphacution has begun to assemble a composite model on bank-owned broker-dealer operations. Before now, we have conducted the first phase of modeling for: Goldman Sachs & Co. Morgan Stanley & Co. Deutsche Bank Securities, Inc. UBS Securities, LLC Credit Suisse Securities (USA), LLC J. P. Morgan Securities, LLC - formerly known as Bear Stearns & Co. Among the notable players remaining, we still need to add Bank America / Merrill, Citigroup, Barclays, BNP Paribas and likely Nomura, too. In time, we could expand further from there... However, given this latest news referenced at the opening, we now add SocGen's and HSBC's broker-dealer arms, SG Americas Securities, LLC and HSBC [...]