It was first played from June 30 to July 3, 2005 at Hamilton Farm Golf Club in Gladstone, New Jersey.
In 2007, the event moved to the Wykagyl Country Club in New Rochelle, New York.
The title sponsor, HSBC, is a large banking group based in London, England.
In 2007 the 64-woman field was selected as follows: The closest equivalent event in men's professional golf is the WGC-Accenture Match Play Championship, which is also a 64-player 18-hole match play event.
HSBC also sponsors the HSBC World Match Play Championship on the PGA Tour, a longer established sixteen-player thirty-six-hole event tournament played in the United Kingdom.