06:52 AM EDT, 03/25/2025 (MT Newswires) -- (Updates with response from HSBC ( HSBC ) in fourth paragraph)

HSBC Holdings ( HSBC ) is considering outsourcing some of its fixed-income trading order flow to an outside market maker to save costs and compete with larger rivals, Bloomberg reported Monday, citing sources.

People familiar with the matter told the news outlet that the decision would enable HSBC ( HSBC ) to save millions of dollars in costs associated with running global trading desks.

HSBC ( HSBC ) could strike a deal with Citadel Securities and Jane Street Group, but there is no certainty that the early-stage deliberations will result in a successful deal, Bloomberg reported.

HSBC ( HSBC ) declined a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)