Source: Hedge Funds Review | 19 May 2009
Categories: Operations
Topics: Custody, Clearing, Multilateral Trading Facility (MTF), Société Générale
Société Générale Securities Services (SGSS), as a general clearing member on all European clearing houses, is broadening its clearing offer to include the new multilateral trading facilities: BATS Europe, Nyse Arca and Nasdaq OMX Europe.
SGSS already provides brokerage clients and negotiators with access to Chi-x, Turquoise, Smartpool, Equiduct Trading platforms and now offers a whole range of post-trade services on these multilateral trading facilities.
This offer allows brokers and negotiators to centralise all the transactions they do on European regulated markets and trading platforms and to optimise settlement operations through a single provider.
Société Générale is one of the largest financial services groups and banks in the euro zone in terms of assets under custody with €2 762 billion and under management with €332 billion at March 2009.
SGSS offers a full range of securities services including execution, clearing, delivery and settlement; securities back-office outsourcing services; custody, trustee, transfer agent, fund and portfolio administration; and employee share plan management.
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