The Hongkong and Shanghai Banking Corporation was founded by Scotsman Thomas Sutherland in 1865.
The HSBC headquarters in Shanghai was built in 1923.
The new headquarters of HSBC Holdings at 8 Canada Square , London officially opened in April 2003.
As of April 2, 2008, HSBC was the fourth largest bank in the world in terms of assets (US $2,348.98 billion), the second largest in terms of sales (US $146.50 billion), the largest in terms of market value (US $180.81 billion).
A stock market typically refers to a financial market that handles the buying and selling of company stocks, derivatives and other securities. The stock markets trade the company securities that are listed in the stock exchange.
The stock market existence can be both real and virtual.
Online Trading is an easy way to buy and sell shares from the comfort of one’s place instead of trading through individual stockbroker and broking firms, the customer can transact with the help of mouse click and his visits to the neighbourhood broker will become a thing of the past.
Online trading started in India in February 2000 when a couple of brokers started offering an online trading platform for their customers.
After the review has been satisfactory; the order has to be sent by clicking on the send option.
The investor will receive an "Order Confirmation" 'message along with the order number and the value of the order.
Step- 7: In case the order is rejected by the Broker or the Stock Exchange for certain reasons such as invalid price limit, an appropriate message will appear at the bottom of the screen. At present, a time lag of about ten seconds is there in executing the trade.
It is regarding charging payment, for which there are different modes. Some brokers will take some advance payment from the, investors and will fix their trading limits. When the trade is executed, the broker will ask the investor for transfer of funds by the investor to his account.
The benefits of investor due to Online Investing
a) Independence and freedom due to enjoyed by an individual access to the markets
b) Elimination of the “middle man”
c) Elimination of Losses on account of Brokers
d) Inexpensive and affordable commission charges
e)Speed of trade execution
The costs borne by an Individual Investor from Online Investing
Enhance market quality through improved liquidity, by increasing quote continuity and market depth.
Reduce settlement risks due to open trades, by elimination of mismatches.
Provide management information system (MIS).
Introduce flexibility in system, to handle growing volumes easily and to support nationwide expansion of market activity.
Besides, through Internet trading three fundamental objectives of securities regulation can be easily achieved, these are: Investor protection, creation of a fair and efficient market and, reduction of the systematic risks
Having the look at the findings of my project I would like to conclude that online share trading has passed its stages of infancy. Nowadays it is becoming a part of life of all those who invest money into equities. There is a huge unexplored market standing in front of the financial sector which can be targeted to increase the industry’s revenue all the more. In the arena of cut throat competition the various stock brokerage houses are doing good business. To sustain and survive in this competitive time all they need is to device new innovative ways with which they can surpass their competitors. The most demanding feature in a stock brokerage house is to support customers and brokerage. So it is advisable to HSBC Invest Direct to try to be no. 1 in the art of satisfying people and keeping them happy.