HSBC has said it expects continued uptake in adoption from Asia participants next year as algos continue to gain popularity in the region, with the bank’s Asia algo volume currently on track to be up circa 100% for this year. According to David Ketley, HSBC’s Head of Product, Execution and Trading, Global FX Services, precious metals algos have also been a key driver of growth in 2025 for Asia. There has also been a very strong pipeline in the Americas, particularly in the hedge fund sector which is expected to continue into 2026. In addition, he forecasts increased use of HSBC’s Basket Algo offering as a way for institutional clients and sophisticated corporate clients to reduce costs and mitigate market risk, particularly as the franchise deploys the Basket Algo to use on multi-dealer platforms. “With our global network, we have also added USDBRL this year to our list of NDFs supported by our algo suite of products.” He adds: “Discussing customisation with clients has always been a key feature of HSBC’s algo offering. In 2026, we are planning to launch the ability for clients to define the nature of opportunistic algo behaviours via client-specific customisation.”
