{"url":"https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/","section":"trading","title":"HSBC Securities (USA): ETF AP | ETFIQ","description":"HSBC Securities (USA) Inc. was an authorized participant (AP) for 1,069 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026. Facts only.","as_of":"Sep 23, 2026","structured_data":[{"@type":"Corporation","name":"HSBC Securities (USA) Inc.","url":"https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/","sameAs":["https://www.about.us.hsbc.com/"],"leiCode":"CYYGQCGNHMHPSMRL3R97","identifier":[{"@type":"PropertyValue","propertyID":"FINRA CRD","value":"19585"},{"@type":"PropertyValue","propertyID":"SEC file number","value":"8-41562"}],"description":"The US broker-dealer of HSBC, an affiliate of HSBC Bank USA, N.A."},{"@type":"ItemList","name":"ETFs HSBC Securities (USA) Inc. serves as an authorized participant","numberOfItems":13,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SPY","url":"https://etfiq.com/funds/spy"},{"@type":"ListItem","position":2,"name":"XLE","url":"https://etfiq.com/funds/xle"},{"@type":"ListItem","position":3,"name":"XLF","url":"https://etfiq.com/funds/xlf"},{"@type":"ListItem","position":4,"name":"IVV","url":"https://etfiq.com/funds/ivv"},{"@type":"ListItem","position":5,"name":"USMV","url":"https://etfiq.com/funds/usmv"},{"@type":"ListItem","position":6,"name":"XLV","url":"https://etfiq.com/funds/xlv"},{"@type":"ListItem","position":7,"name":"XLK","url":"https://etfiq.com/funds/xlk"},{"@type":"ListItem","position":8,"name":"IJJ","url":"https://etfiq.com/funds/ijj"},{"@type":"ListItem","position":9,"name":"XLU","url":"https://etfiq.com/funds/xlu"},{"@type":"ListItem","position":10,"name":"VIS","url":"https://etfiq.com/funds/vis"},{"@type":"ListItem","position":11,"name":"XLI","url":"https://etfiq.com/funds/xli"},{"@type":"ListItem","position":12,"name":"TEMD","url":"https://etfiq.com/funds/temd"},{"@type":"ListItem","position":13,"name":"XTL","url":"https://etfiq.com/funds/xtl"}]},{"@type":"DefinedTerm","name":"authorized participant","alternateName":["AP","authorised participant"],"description":"A broker-dealer that has an agreement with an ETF to create new shares by delivering a basket of securities or cash to the fund, and to redeem shares by handing them back.","inDefinedTermSet":"https://etfiq.com/methodology/authorized-participants#glossary"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Is HSBC Securities (USA) an ETF authorized participant (AP)?","acceptedAnswer":{"@type":"Answer","text":"Yes. HSBC Securities (USA) Inc. is listed as an AP for 1,069 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026, and created or redeemed shares in 13 of them."}},{"@type":"Question","name":"Which ETFs does HSBC Securities (USA) create and redeem the most?","acceptedAnswer":{"@type":"Answer","text":"By dollars created and redeemed: SPY, $1.0bn; XLE, $408m; XLF, $328m; IVV, $293m; USMV, $91.5m."}},{"@type":"Question","name":"How much of an ETF\u2019s AP activity does HSBC Securities (USA) handle?","acceptedAnswer":{"@type":"Answer","text":"Across the 13 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.0% to 10.0%. It was the only active AP in 0 ETFs."}},{"@type":"Question","name":"Where do these figures come from?","acceptedAnswer":{"@type":"Answer","text":"From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by HSBC Securities (USA)\u2019s CRD, SEC file number and LEI, never by the name as typed."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Authorized participants","item":"https://etfiq.com/trading/authorized-participants/"},{"@type":"ListItem","position":3,"name":"HSBC Securities (USA)","item":"https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/"}]},{"@type":"WebPage","name":"HSBC Securities (USA): ETF AP","description":"HSBC Securities (USA) Inc. was an authorized participant (AP) for 1,069 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026. Facts only.","url":"https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/","dateModified":"2026-09-23","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":6354,"truncated":false,"content":"ETFIQ / Authorized participants / HSBC Securities (USA) \n \n As of Sep 23, 2026 . From each ETF\u2019s latest Form N-CEN.\n HSBC Securities (USA) Inc.\n HSBC Securities (USA) Inc. was an authorized participant (AP) for 1,069 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026. It created $1.7bn and redeemed $500m of their shares. It was active in 13 of them.\n about.us.hsbc.com \n HSBC Securities (USA) Inc. as an ETF authorized participant: all 13 funds it created or redeemed in, ranked by what it created and redeemed, in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026. Source: ETFIQ from Form N-CEN. # Ticker Fund Category Created Redeemed Created and redeemed Share of the fund\u2019s AP dollars Active APs in the fund Period ending \n 1 SPY SPDR S&P 500 ETF Trust U.S. stocks $797m $206m $1.0bn 0.0% 26 Dec 31, 2025 \n 2 XLE State Street Energy Select Sector SPDR ETF Sector stocks $321m $86.7m $408m 0.9% 21 Sep 30, 2025 \n 3 XLF State Street Financial Select Sector SPDR ETF Sector stocks $183m $145m $328m 0.2% 21 Sep 30, 2025 \n 4 IVV iShares Core S&P 500 ETF U.S. stocks $293m $0 $293m 0.0% 25 Mar 31, 2026 \n 5 USMV iShares MSCI USA Min Vol Factor ETF U.S. stocks $45.8m $45.6m $91.5m 0.6% 14 Jul 31, 2025 \n 6 XLV State Street Health Care Select Sector SPDR ETF Sector stocks $37.2m $0 $37.2m 0.1% 23 Sep 30, 2025 \n 7 XLK State Street Technology Select Sector SPDR ETF Sector stocks $23.6m $0 $23.6m 0.1% 18 Sep 30, 2025 \n 8 IJJ iShares S&P Mid-Cap 400 Value ETF U.S. stocks $13.2m $0 $13.2m 0.5% 9 Mar 31, 2026 \n 9 XLU State Street Utilities Select Sector SPDR ETF Sector stocks $0 $12.1m $12.1m 0.0% 22 Sep 30, 2025 \n 10 VIS Vanguard Industrials ETF Sector stocks $5.1m $5.1m $10.3m 0.5% 11 Aug 31, 2025 \n 11 XLI State Street Industrial Select Sector SPDR ETF Sector stocks $6.7m $0 $6.7m 0.0% 23 Sep 30, 2025 \n 12 TEMD Templeton Emerging Markets Debt ETF Bonds $5.0m $0 $5.0m 10.0% 6 Mar 31, 2026 \n 13 XTL State Street SPDR S&P Telecom ETF U.S. stocks $4.7m $0 $4.7m 0.4% 10 Jun 30, 2026 \n \n HSBC Securities (USA) by category\n The ETFs HSBC Securities (USA) Inc. serves, by the category each is placed in, with what it created and redeemed in each.\n HSBC Securities (USA) by category, as of Sep 23, 2026. Source: ETFIQ from Form N-CEN. # Category Share of its dollars ETFs served Active in Created Redeemed Only active AP in \n 1 U.S. stocks 62.8% 261 5 $1.2bn $251m 0 \n 2 International stocks 0.0% 213 0 $0 $0 0 \n 3 Sector stocks 36.9% 124 7 $577m $249m 0 \n 4 Bonds 0.2% 288 1 $5.0m $0 0 \n 5 Commodities 0.0% 6 0 $0 $0 0 \n 6 Allocation 0.0% 14 0 $0 $0 0 \n 7 Buffer 0.0% 4 0 $0 $0 0 \n 8 Income 0.0% 36 0 $0 $0 0 \n 9 Themes 0.0% 115 0 $0 $0 0 \n 10 Alternatives 0.0% 8 0 $0 $0 0 \n \n Questions people ask\n Is HSBC Securities (USA) an ETF authorized participant (AP)? Yes. HSBC Securities (USA) Inc. is listed as an AP for 1,069 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026, and created or redeemed shares in 13 of them. Which ETFs does HSBC Securities (USA) create and redeem the most? By dollars created and redeemed: SPY, $1.0bn; XLE, $408m; XLF, $328m; IVV, $293m; USMV, $91.5m. How much of an ETF\u2019s AP activity does HSBC Securities (USA) handle? Across the 13 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.0% to 10.0%. It was the only active AP in 0 ETFs. Where do these figures come from? From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by HSBC Securities (USA)\u2019s CRD, SEC file number and LEI, never by the name as typed. Method\n HSBC Securities (USA) Inc. is identified by CRD 19585, SEC file number 8-41562, LEI CYYGQCGNHMHPSMRL3R97. It is on the SEC\u2019s list of active broker-dealers dated Oct 1, 2026 as HSBC SECURITIES (USA) INC.. Funds filed its name 5 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF\u2019s latest Form N-CEN, with the dollars of the fund\u2019s shares it purchased from the fund (created) and redeemed in the fund\u2019s reporting period, as filed. A fund\u2019s period is its own fiscal year, or less where the filing says so, so a firm\u2019s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there. A firm\u2019s name is its registration on the SEC\u2019s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.\n Where to next\n Most active APs for U.S. stock ETFs Most active APs for international stock ETFs Most active APs for sector stock ETFs Every ETF authorized participant (AP) The most active APs Most active APs for U.S. stock ETFs Most active APs for international stock ETFs Most active APs for sector stock ETFs Most active APs for bond ETFs ETF lead market makers (LMMs) How the AP list is built The open data file Fund flows Where these figures came from\n SEC Form N-CEN data sets, the source of every AP row Form N-CEN, item E.2: each authorized participant and its dollars SEC list of active broker-dealers, the source of each firm\u2019s registered name ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A list of firms is not a rating or a recommendation. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, HSBC Securities (USA) Inc. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, HSBC Securities (USA) Inc. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/ APA ETFIQ. (Sep 23, 2026). HSBC Securities (USA) Inc. as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/ Markdown [HSBC Securities (USA) Inc. as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, HSBC Securities (USA) Inc. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/hsbc-securities-usa/"}