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SOCIETE GENERALE STARTS TRADING EUREX FX FUTURES

July 2019

Eurex FX Futures gains the support of key off-exchange FX liquidity provider

London and Paris – July 18th, 2019 – Societe Generale, one of Europe’s leading financial services groups, now offers full support for the Eurex FX Futures – from clearing to trading.

Extending Societe Generale’s existing clearing and sales offering, the bank now offers clients the ability to trade FX on Eurex Exchange. Any Eurex FX client can now also execute bilaterally off-exchange against the bank whenever they need immediate, large scale risk transfers, or to move between OTC FX and Listed FX using EFP (exchange for physical).

Chris Callander, UK Head of FX Futures Sales & Trading and Client Facilitation at Societe Generale said: “We are very pleased to add a European exchange to our current FX futures product offering. We look forward to helping clients build and maintain their FX positions at Eurex using our Block futures and EFP capabilities.”

Carlo Koelzer, CEO of 360T and Global Head of FX at Deutsche Boerse Group said: “Many clients have told us a catalyst for their increased use of FX Futures will be a tertiary pool of off-exchange liquidity to complement our strong orderbook proposition, so we welcome Chris’ trading desk as a primary off-exchange provider in the FX space. With clearing enabling important new trading relationships to be formed without the need for bilateral credit or operational agreements, and off-exchange being the bridge between OTC and listed markets, our clients now have choice over how to access our FX Futures liquidity for any given trade.”

Deutsche Boerse Group’s FX strategy uses the Group’s breadth and depth of services to enable customers to choose the optimal product, execution, clearing and settlement models, in order to survive and thrive in an environment with increasing focus on the portfolio cost and impact of each trade.

Eurex FX Futures are already available in EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, EURCHF, EURGBP, GBPCHF, EURJPY, AUDJPY, EURAUD, NZDUSD, all with quotation of the pairs as well as precision and tick sizes entirely in-line with OTC FX standards.

 

More information:

360T Group
Claudia Stirner / Head of Marketing & Communication 360T Group
Telephone: +49 69 900 289 112
Email: claudia.stirner@360t.com

Societe Generale
Carole Bishop / Media Relations Manager
Telephone: +44 20 7762 5499
Email: carole.bishop@socgen.com

For more information about EUREX FX products please contact: fx@eurexclearing.com

 

About Eurex
Operated by Deutsche Boerse Group, Eurex offers a broad range of international benchmark products and operates one of the most liquid fixed income markets in the world, featuring open and low-cost electronic access. With market participants connected from 700 locations worldwide, trading volume at Eurex exceeds 1.7 billion contracts a year, making us the market place of choice for the derivatives community worldwide.

About 360T Group
360T is an independent and globally-established trading venue. As Deutsche Boerse Group’s FX unit, 360T provides a web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Since its inception in 2000, the company has developed and maintained a state-of-the-art multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives.

360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing of a hosted white labelled trading technology between a scalable group of price-takers and either proprietary price providers or a rich choice of back-to-back liquidity sources. 360T’s buy-side clients are national and multinational corporate treasuries, institutional clients (asset managers, hedge funds, commodity trading advisors), broker/dealers and banks. The company is authorized under German law and regulated by the German Federal Financial Supervisory Authority (BaFin).

Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC).

Further information: www.360t.com

About Societe Generale
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 149,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

  • French Retail Banking, which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
  • International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;
  • Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.

For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com

About Societe Generale Corporate & Investment Banking
At the core of Societe Generale’s diversified and integrated banking business model, the Corporate & Investment Bank is a leading player with around 12 000 professionals and a commercial offer in 37 countries, with extensive European coverage and representative offices in Central and Eastern Europe, the Middle East, Africa, the Americas and the Asia-Pacific region.

Supporting its clients across various sectors, the Corporate & Investment Bank offers bespoke financial solutions combining innovation, advisory services and high execution quality in four areas of expertise: investment banking, financing, market activities and investor services.

For Corporates, Financial Institutions, Sovereigns and the Public Sector: providing strategic advice (M&A, debt, capital structure, and asset & liability management), as well as providing capital market access to finance projects and providing hedging solutions especially in foreign exchange and rates.

For Investors: offering reliable and sound investment opportunities and risk management solutions through its integrated platform delivering comprehensive access to markets (fixed income, credit, foreign exchange, commodity markets, equity, and derivatives), as well as advice and financial engineering, quality of execution, forward-looking research, and an industry-leading clearing proposition & prime brokerage services.

For more information, you can follow us on twitter @sg_cib or visit our website www.cib.societegenerale.com

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